RECPDCL incorporates subsidiary to set up power substation in Karnataka

New Delhi, May 20 (PTI) REC Power Development and Consultancy Limited (RECPDCL) has incorporated Mekhali Power Transmission Limited as its wholly-owned subsidiary to set up a substation in Karnataka.

RECPDCL is a wholly-owned subsidiary of state-owned REC, a non-banking finance company (NBFC) under the Ministry of Power focusing on power sector financing in India.

The company has been incorporated for establishing a 400 KV substation at Mekhali along with associated transmission lines at Belagavi in Karnataka.

Mekhali Power Transmission Limited has been incorporated on May 20, 2025.

After selection of the successful bidder in accordance with the tariff-based competitive bidding guidelines, the company would be transferred to the successful bidder along with all assets and liabilities.

RECPDCL acts as the bid process coordinator for selection of transmission service provider for independent inter-state and intra-state transmission project assigned by the Ministry of Power and state governments. PTI ABI HVA

Source: PTI