Reliance Industries signs Rs 80 million deal with RECPDCL to acquire Lakadia B Power Transmission

Reliance Industries Limited has secured a Rs 80 million deal to acquire a 100% equity stake in Lakadia B Power Transmission from REC Power Development and Consultancy Limited. This acquisition aims to develop an interstate transmission system (ISTS) to evacuate up to 3.5 GW of renewable energy from Lakadia, Gujarat. Established to implement the project, Lakadia B Power Transmission has yet to commence commercial operations, with the tender for the project floated in September 2024.

As a part of the takeover, the company will look at the design, engineering, construction, testing, and commissioning of the project under a build, own, operate, and transfer (BOOT) model. Additional responsibilities include preparing a detailed project report, securing financing, managing project surveys, obtaining necessary permits and clearances, and facilitating land compensation.

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The project will augment the transformation capacity at the 765/400 kV Lakadia substation in Gujarat under Part B of the initiative, integrating an additional 2.5 GW of renewable energy beyond the initial 1 GW from various projects in the Lakadia renewable energy zone.

The company will also implement a 22 kV line bay for renewable energy developers, including Juniper Green Energy, TEQ Green Power, Ganeko Solar, Renew Solar (Shakti Eight), ArcelorMittal Nippon Steel India, Serentica Renewables India, RDS Solar Park, and Percentum Renewables.

Moreover, the project involves installing a 1×330 MVAr 765 kV bus reactor with an associated bay and enhancing the substation’s capacity with a 1×1500 MVA, 765/400 kV ICT.

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