REC Limited, a public sector major and a market leader in the power sector under the Ministry of Power, has announced the incorporation of Velgaon Power Transmission Limited as a wholly owned subsidiary of REC Power Development and Consultancy Limited (RECPDCL). The move is part of the company's strategic initiative to strengthen India's renewable energy evacuation infrastructure and drive the country's ambitious green energy aspirations.
Highlights:
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Velgaon Power Transmission Limited: Established on 29 March 2025, the new unit will enable the commissioning of a 400/220 kV Velgaon substation (GIS) in Maharashtra. The project was tendered by the Maharashtra government, with RECPDCL designated as Bid Process Coordinator (BPC).
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Authorized Capital: Authorized capital of Velgaon Power Transmission Limited is ₹5,00,000 and the paid-up capital is ₹5,00,000.
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Renewable Energy Emphasis: The subsidiary is part of REC's larger vision to improve transmission infrastructure for renewable energy evacuation in India.
RECPDCL's Recent Developments:
Apart from Velgaon Power Transmission, RECPDCL recently invited tenders for constructing interstate transmission systems to evacuate 2.5 GW of renewable energy from Madhya Pradesh. The projects will incorporate state-of-the-art substations and transformers to provide efficient power supply.
Positive Outlook:
REC's initiative to upgrade its transmission system is a sign of its intentions to contribute positively towards India's clean energy journey. Velgaon Power Transmission is likely to become a central player in upgrading regional infrastructure and ensuring smooth evacuation of power.
Sources: REC Regulatory Filing, Mercom India, Renewable Watch; March 31, 2025