REC Power Development and Consultancy Limited (RECPDCL), a wholly owned subsidiary of REC Limited, the Maharatna CPSU under the Ministry of Power, has transferred a project-specific Special Purpose Vehicle (SPV), namely Rajasthan IV 4A Power Transmission Limited, to Power Grid Corporation of India Limited on 30th December 2024 in Gurugram.

Power Grid Corporation of India Limited was selected as the Transmission Service Provider (TSP) through the Tariff-Based Competitive Bidding (TBCB) process conducted by RECPDCL, acting as the Bid Process Coordinator, for the development of the transmission project on a Build, Own, Operate & Transfer (BOOT) basis.

The transmission scheme is designed to facilitate the evacuation of 3.5 GW of renewable energy from Rajasthan's Renewable Energy Zone. It includes the establishment of a 765/400 kV, 2x1500 MVA substation near Ghiror (Uttar Pradesh), the augmentation of the Barmer-I Pooling Station, 283.05 km of 765 kV transmission lines, and 43.28 km of 400 kV lines, along with associated works. The project is valued at an estimated ₹5,378.03 crore and is slated for completion within 24 months.

The SPV was formally handed over by Shri T.S.C. Bosh, CEO of RECPDCL, to Shri Satyaprakash Dash, Company Secretary of Power Grid Corporation of India Limited, in the presence of senior officials from RECPDCL, Power Grid Corporation of India Limited, and Central Transmission Utility of India Limited.