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Bid process coordinator REC Power Development & Consultancy Ltd (RECPDCL) has newly incorporated a wholly-owned subsidiary to act as a project special purpose vehicle (SPV) for developing a 765kV AIS substation in Maharashtra, under the tariff-based competitive bidding (TBCB) mechanism.
Current fiscal year FY26 is likely to close with a significant deficit in addition of 765kV transmission lines.
The private sector is likely to commission a higher quantum of power transmission infrastructure in FY26 as compared with the actual achievement in FY25, a study by tndindia.com suggests.