New Delhi, February 13 State-owned REC announced on Friday that its subsidiary, RECPDCL, has transferred the project-specific special purpose vehicle of Bellary Davanagere Power Transmission to Power Grid Corporation.
Power Grid emerged as the successful bidder through a tariff-based competitive bidding conducted by RECPDCL for the development of the transmission project on a Build, Own, Operate & Transfer (BOOT) basis, according to a statement from REC.
According to the statement, REC Power Development and Consultancy Ltd (RECPDCL) handed over the SPV to PowerGrid on February 12, 2026.
Saurabh Rastogi, CEO of RECPDCL, handed over the SPV to Pankaj Pandey, Executive Director of Power Grid Corporation.
The implementation period of the project is 2 years.
The scheme covers the augmentation of transformation capacity at Davanagere PS and Bellary PS, as well as the establishment of the 72 km Bellary-Davanagere second 400 kV Double Circuit line.