Adani Energy Solutions Ltd (AESL) has formally acquired “Mahan Transmission Ltd” – a project SPV for development of an intrastate transmission system (InSTS) scheme, from bid process coordinator REC Power Development & Consultancy Ltd (RECPDCL).
In a stock exchange communication, REC Ltd said that its subsidiary RECPDCL successfully completed the transfer of Mahan Transmission Ltd to Adani Energy Solutions Ltd today (March 26, 2025).
AESL emerged as the successful developer of this scheme under the tariff-based competitive bidding (TBCB) framework, with RECPDCL acting as the bid process coordinator.
As reported by T&D India on February 19, 2025, AESL along with three other bidders – Power Grid Corporation of India Ltd (PGCIL), Megha Engineering & Infrastructures Ltd (MEIL) and KCC Buildcon Pvt Ltd – were qualified for opening of initial price bids.
“Mahan Transmission Ltd” will develop an intrastate scheme officially termed as “Development of intrastate transmission system for evacuation of 1,230 MW power (MPPMCL portion) through STU network from proposed 2×800-MW thermal power project of Mahan Energen Ltd (MEL).”
Mahan Energen Ltd (MEL) is a subsidiary of Adani Power Ltd and the InSTS scheme under discussion relates to evacuation from the capacity expansion of 2×800-MW at the Mahan power plant. The InSTS scheme mainly involves building two 400/220/132kV substations — one each at Rewa and Amarpatan – along with associated lines.
Second TBCB win in MP
For AESL, Mahan Transmission Ltd represents the second InSTS-TBCB win in Madhya Pradesh after “MP Power Transmission Package-II Ltd” that is currently under construction.
For Madhya Pradesh, this is the fourth intrastate scheme to be awarded under the TBCB modality. MP initiated the TBCB philosophy with the Bhind-Guna transmission scheme that has since been commissioned by PGCIL and housed under its subsidiary “Powergrid Bhind Guna Transmission Ltd.” Subsequently, Megha Engineering clinched “MP Power Transmission Package-II Ltd” that is currently under construction.
ISTS component of Mahan Energen
As reported by T&D India on March 26, 2025, AESL is also among the four contenders for an interstate transmission system (ISTS) scheme concerning the Mahan Energen thermal power plant. The scheme, incorporated under “MEL Transmission Ltd,” involves providing ISTS connectivity to the existing 1,200-MW Mahan thermal power plant owned by Mahan Energen Ltd, a subsidiary of Adani Power Ltd.
Summary
Here is a summary of the two TBCB schemes associated with Mahan Energen Ltd’s coal-fired power plant located in Singrauli district:
Scheme: ISTS connectivity to existing 2×600-MW capacity
Type of scheme: Interstate transmission system (ISTS)
Mode: TBCB
Project SPV: MEL Transmission Ltd
Bid process coordinator: PFC Consulting Ltd
Current status: AESL, MEIL, PGCIL, KCC Buildcon in the fray
Scheme: Evacuation from upcoming 2×800-MW capacity expansion
Type of scheme: Intrastate transmission system (InSTS)
Mode: TBCB
Project SPV: Mahan Transmission Ltd
Bid process coordinator: REC Power Development & Consultancy Ltd
Current status: AESL declared successful bidder
Also read: Adani Energy subsidiary gets transmission licence for RTM project in Gujarat
Featured photograph (source: MPPTCL) is for representation only
