Indian Bureaucracy, New Delhi, March 25, 2025 | REC Power Development and Consultancy Limited (RECPDCL), a subsidiary of REC Limited, informed handover of Ratle Kiru Power Transmission Limited, a SPV (Special Purpose Vehicle) of ISTS Transmission Project under TBCB route to IndiGrid 2 Private Limited on 24th March 2025 at Gurugram.
Ratle Kiru Project with construction of 150 Kms of 400 KV transmission line between Samba (J&K) & Jalandhar (Punjab), 35 Kms of 400 KV line between Kishenpur (J&K) & Samba including other associated works covers a geographical footprint of areas within Jammu & Kashmir and Punjab. The estimated cost of the project is Rs 1,407.44 Crore.
IndiGrid 2 Private Limited emerged as the Transmission Service Provider (TSP) through Tariff-Based Competitive Bidding (TBCB) process conducted by RECPDCL, the Bid Process Coordinator, for development of the transmission project on Build, Own, Operate & Transfer (BOOT) basis.
The SPV was handed over by Shri T S C Bosh, CEO RECPDCL to Shri Puneet Singh Chauhan, Vice President & Head (Commercial), IndiGrid 2 Private Limited, in the presence of Senior Officials of RECPDCL, IndiGrid 2 Private Limited and Central Transmission Utility of India Limited. The implementation period of the project is 24 months.