REC Power Development (REC), a public-owned company, has handed over SPV responsible for the development of 1 GW capacity renewable energy plants to IndiGrid 1 and IndiGrid 2. Both companies are subsidiaries of IndiGrid.
IndiGrid will now assume responsibilities for development of renewable energy plants in Osmanabad district in Maharastra as well as construction of 400/220 kV Sub-station at Kallam and 400 kV LILO double circuit power transmission line from Parli to Pune. The project works are expected to be finished within 18 months.
Country updates
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December 28, 2021
India signs concession agreement for six laning of Chittoor - Thachur highway
National Highway Authorities of India (NHAI) has executed concession agreement for six laning project of Chittoor-Thachur highway. Chittoor Thachur Highway Private Limited, a subsidiary of IRB in...
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December 21, 2021
New loan announced for Surat metro project in India
The Government of India and the Germany Development Bank (KfW) have signed a EUR442.26 million (US$498.33 million) loan for the Surat Metro Rail project. With the total estimated cost of EUR1.5 billi...
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December 16, 2021
India identified 13 airports for PPP procurement
The Airports Authority of India (AAI) has announced plans to monetize airports across country under the National Monetisation Pipeline (NMP) program. A total of 25 airports were identified for asset m...
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December 09, 2021
Tender issued for USD160 million water supply PPP project in India
Jharkhand Urban Infrastructure Development Co in India and Asian Development Bank (ADB) have launched a tender seeking strategic consultant for water supply infrastructure in towns of Ranchi, Hus...
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December 02, 2021
SPV formed for privatization of power distribution in Gujarat
The Government of India has approved the formation of a special purpose vehicle (SPV), which will be responsible for the electricity distribution network in union territories of Diu, Daman, Dadara and...
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