REC Power Development and Consultancy Limited (RECPDCL), a wholly owned subsidiary of REC Limited, the Maharatna CPSU under the aegis of Ministry of Power, handed over a project specific SPV (Special Purpose Vehicle) of InSTS Transmission Project of Maharashtra under TBCB route viz, Umred Power Transmission Limited to the successful bidder i.e. M/s Maharashtra State Electricity Transmission Company Limited on 26th February 2026.
M/s Maharashtra State Electricity Transmission Company Limited emerged as the successful bidder through Tariff-Based Competitive Bidding (TBCB) process conducted by RECPDCL, the Bid Process Coordinator, for development of the transmission project on Build, Own, Operate & Transfer (BOOT) basis.
The SPV was handed over by Shri Vijay Kulkarni, Sr. GM & HoD (T&D), RECPDCL to Ms. Vineeta Shriwani, Company Secretary and Sh. Amit Naik, Chief Engineer (TBCB), Maharashtra State Electricity Transmission Company Limited in the presence of Senior Officials of RECPDCL, Maharashtra State Electricity Transmission Company Limited and Maharashtra STU. The implementation period of the project is 24 months.
The scheme broadly covers establishment of 400/220/132 kV Substation at Umred, 220 kV Double Circuit line of around 51 km from Umred (New) to Add. Buttibori (Proposed), 132 kV Double Circuit line of around 38 km from Kolari (existing) to Umred (New) and LILO of different lines at 400/220/132 kV, along with other associated works.
About REC Limited: REC Limited is an NBFC focusing on Power Sector Financing and Development across India. Established in 1969, REC Ltd. has completed over fifty-five years in the area of its operations. It provides financial assistance to complete power-sector value chain; for various types of projects including Generation, Transmission & Distribution and Renewable Energy. Recently, REC has also diversified into non-power Infrastructure &; Logistics sector to cover areas such as airports, metro, railways, ports, bridges, etc.
About RECPDCL: REC Power Development and Consultancy Limited, RECPDCL, a wholly owned subsidiary of REC Limited, has been providing knowledge-based consultancy and expert project implementation services to several State power distribution companies/Power Departments of States. RECPDCL has also been implementing transmission projects in UTs of J&K and Ladakh.
RECPDCL has also been acting as Bid Process Coordinator (BPC) for Inter-state as well as Intrastate transmission projects and RE-Bundling projects implemented through Tariff Based Competitive Bidding (TBCB). RECPDCL with its expert consulting, project implementation and transaction advisory services is thus playing a key role across the power sector value chain of the country.
