REC Transfers Luhri Transmission SPV to Terralight

NEW DELHI — REC Power Development and Consultancy Limited (RECPDCL), a wholly owned subsidiary of state-run REC Limited, announced that it has transferred its entire shareholding in Luhri Power Transmission Limited to Terralight Solar Energy Tinwari Private Limited.

The project-specific Special Purpose Vehicle (SPV) was officially handed over on Thursday, August 21, 2026, following the successful completion of the Tariff-Based Competitive Bidding (TBCB) process. The transmission utility will manage crucial power evacuation infrastructure for upcoming hydroelectric projects in Himachal Pradesh.

Power Evacuation Infrastructure and Scope

The awarded transmission initiative is designed to support the evacuation of electricity generated by the Sunni Dam Hydroelectric Project (HEP) and Luhri Stage-I HEP. Developed on a Build, Own, Operate, and Transfer (BOOT) basis, the project carries an estimated capital expenditure of ₹839.55 crore.

According to official corporate announcements, project disclosures, and ministry updates:

• Project SPV: Luhri Power Transmission Limited, transferred as a wholly owned subsidiary entity.

• Successful Bidder: Terralight Solar Energy Tinwari Private Limited.

• Key Assets: Establishment of a 400/220 kV Gas Insulated Switchgear (GIS) Nange Pooling Station in Himachal Pradesh, along with a 50-km 400 kV double-circuit line linking Nange Pooling Station to Koldam.

• Commissioning Timeline: Scheduled for completion by October 15, 2029, matching the operational timeline of the hydro generation assets.

Official Sources Section

• REC Power Development and Consultancy Limited (RECPDCL): Official SPV handover announcements, bidding disclosures, and transmission project updates.

• Ministry of Power, Government of India: Central sector undertaking notifications, power evacuation guidelines, and public sector disclosures.

• Central Transmission Utility of India Limited (CTUIL): Interstate transmission system planning, grid integration frameworks, and technical alignment notices.

Quote Section

According to statements released by RECPDCL and project organizers during the formal handover ceremony:

"The project-specific SPV for Luhri Power Transmission has been successfully transferred to the successful bidder following the completion of the competitive bidding process, ensuring vital grid integration for upcoming hydroelectric generation assets in the region."

Why It Matters

For energy consumers, regional utilities, and renewable power developers, robust transmission evacuation infrastructure is critical for integrating large-scale hydroelectric generation without grid bottlenecks. Timely handover and execution under the TBCB framework ensure competitive tariffs and reliable power delivery to the national grid.

Key Facts at a Glance

• Transferring Agency: RECPDCL (subsidiary of REC Limited).

• Acquiring Entity: Terralight Solar Energy Tinwari Private Limited.

• Estimated Cost: ₹839.55 crore.

• Target Completion: October 15, 2029.

FAQ Section

What is Luhri Power Transmission Limited?

It is a project-specific Special Purpose Vehicle (SPV) established to construct and manage the power evacuation system for the Sunni Dam and Luhri Stage-I hydroelectric projects.

Who acquired the transmission SPV?

Terralight Solar Energy Tinwari Private Limited acquired the entire shareholding after winning the Tariff-Based Competitive Bidding process.

What is the scope of the transmission project?

The project involves building a 400/220 kV GIS Nange Pooling Station in Himachal Pradesh and a 50-km double-circuit transmission line to Koldam.

Where can stakeholders review official SPV handover details?

Official press releases and project transition documents are published directly through the Ministry of Power and RECPDCL portals.

Source: RECPDCL, Ministry of Power, CTUIL, Whispers in the Corridors