The Union Budget: 2025 presented by Union finance minister, Ms Nirmala Sitharaman, made announcements relating specifically to the power transmission & distribution (T&D) sector.
Adani Energy Solutions Ltd (AESL), on January 20, 2025, formally acquired “Rajasthan Part I Power Transmission Ltd” from bid process coordinator REC Power Development & Consultancy Ltd (RECPDCL). This is the second HVDC transmission project to be ever awarded under the tariff-based competitive bidding (TBCB) route, and the first such awarded to a private sector entity.