REC Power Development and Consultancy Limited (RECPDCL), a wholly owned subsidiary of REC Limited, has transferred Musalgaon Power Transmission Limited, the project-specific Special Purpose Vehicle (SPV) for a major transmission project in Maharashtra, to Maharashtra State Electricity Transmission Company Limited (MSETCL), the successful bidder, on September 9, 2026.
The transmission project, estimated to cost ₹560 crore, includes a new 220/132/33 kV air-insulated substation (AIS) at Musalgaon, approximately 111 km of 220 kV double-circuit transmission line from Musalgaon to the existing Babhaleshwar and Raymond substations, and approximately 13 km of 132 kV double-circuit line from Musalgaon to the existing Sinner substation, along with associated works.
RECPDCL formally handed over Musalgaon Power Transmission Limited to MSETCL on September 9. The handover was carried out by Shri Ratnesh Kumar, General Manager (Engineering), RECPDCL, to Shri Amit R. Naik, Chief Engineer (TBCB), Maharashtra State Electricity Transmission Company Limited, in the presence of senior officials from MSETCL, Maharashtra State Transmission Utility (STU) and RECPDCL.
The transmission project envisages the establishment of a 220/132/33 kV air-insulated substation (AIS) at Musalgaon, along with approximately 111 km of 220 kV double-circuit transmission line connecting Musalgaon to Babhaleshwar (existing) and Raymond (existing).
The project also includes approximately 13 km of 132 kV double-circuit transmission line from Musalgaon to Sinner (existing), together with associated transmission works.
The project has an implementation schedule of 12 months and an estimated project cost of ₹560 crore, according to the company.
As disclosed by REC Limited, the Share Purchase Agreement (SPA) between RECPDCL and the successful bidder was executed for completion of the transaction on September 9, 2026. The consideration received for the sale and transfer of the SPV was ₹20,89,930, including taxes, inclusive of professional fees and reimbursement of expenses.
The transfer forms part of the broader development of India’s transmission infrastructure and is aimed at strengthening the power transmission network to support a more resilient electricity sector.
