REC sets up new subsidiary for Rajasthan Power Transmission Project
The subsidiary was incorporated on August 14, 2024, under REC Power Development & Consultancy Ltd (RECPDCL), itself a wholly-owned subsidiary of REC Ltd.
REC Ltd has established a new wholly-owned subsidiary, Rajasthan IV 4B Power Transmission Ltd, as part of its ongoing efforts to enhance power infrastructure in Rajasthan's Renewable Energy Zone (REZ).
The subsidiary was incorporated on August 14, 2024, under REC Power Development & Consultancy Ltd (RECPDCL), itself a wholly-owned subsidiary of REC Ltd.
This new entity has been formed following a directive from the Ministry of Power, which, through a gazette notification dated June 14, 2024, designated RECPDCL as the Bid Process Coordinator (BPC) for the transmission project aimed at evacuating 3.5 GW of power from Rajasthan's REZ Phase-IV, Part B.
The formation of Rajasthan IV 4B Power Transmission Limited is in line with REC's responsibilities under this mandate.
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Initially, the newly incorporated company will remain under REC Ltd's ownership. The eventual plan is to transfer the company, along with its assets and liabilities, to the successful bidder selected through the Tariff Based Competitive Bidding (TBCB) process.
The subsidiary has been set up with an authorized and paid-up capital of ?5,00,000. Its primary role will be to facilitate the efficient evacuation of renewable energy generated in Rajasthan's REZ, contributing to the broader goals of strengthening India's power transmission network.
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With the establishment of Rajasthan IV 4B Power Transmission Limited, REC Ltd is continuing to fulfill its mandate in the power sector, particularly in the renewable energy space. The company's primary focus is to ensure that power generated in important renewable zones is efficiently transmitted to meet the increasing energy demands of the country.
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