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Power Grid Acquires SPV to Develop 7500 MW ISTS Project in Gujarat
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News18•12-10-2026, 18:30
Power Grid Acquires SPV to Develop 7500 MW ISTS Project in Gujarat
- •Power Grid Corporation has acquired Lakadia II Power Transmission from REC Power Development and Consultancy Limited.
- •The acquisition was made under a tariff-based competitive bidding process.
- •The project SPV will establish an inter-state transmission system for integrating power from renewable energy projects in Lakadia REZ, Gujarat.
- •The 7500 MW project will be executed on a build, own, operate and transfer basis.
Key Questions Answered
Power Grid Corporation acquired Lakadia II Power Transmission from REC Power Development and Consultancy Limited under a tariff-based competitive bidding process.
The project is established to build an inter-state transmission system for the integration of power from renewable energy projects in the Lakadia REZ in Gujarat, targeting 7500 MW Phase-II.
The project will be developed on a build, own, operate and transfer (BOOT) basis from the Bid Process Coordinator RECPDCL.
