Adani Energy Solutions Ltd (AESL) has formally acquired “Mahan Transmission Ltd” – a project SPV for development of an intrastate transmission system (InSTS) scheme, from bid process coordinator REC Power Development & Consultancy Ltd (RECPDCL).
Bid process coordinator REC Power Development & Consultancy Ltd (RECPDCL), on March 24, 2025, transferred four special purpose vehicles (SPVs) corresponding to as many interstate transmission system (ISTS) schemes, to their respective winning developers selected under the tariff-based competitive (TBCB) mechanism.