HG Infra Engineering has been named a qualified bidder by REC Power Development and Consultancy for a 35-year power transmission project in Uttar Pradesh, valued at an annual transmission tariff of 450.1 million INR.
HG Infra Engineering Limited has emerged as a qualified bidder for an intra-state electricity transmission project in Uttar Pradesh, following a selection process overseen by REC Power Development and Consultancy Limited. Established in 2003, HG Infra Engineering Limited is an Indian infrastructure development firm specializing in engineering, procurement, and construction (EPC) services across highways, railways, and power sectors.
The infrastructure development will follow a build, own, operate, and transfer framework, selected via tariff-based competitive bidding. The venture carries a 35-year concession timeline, generating approximately 450.1 million INR in annual transmission fees, with construction slated for completion within 18 months from the official award date. This selection underscores a strategic pivot for the engineering firm as it broadens its footprint into the utility infrastructure landscape.
The contract entails building 220/132/33 kV air-insulated substations in the districts of Mau and Mirzapur, alongside necessary grid connections. For engineering firms and institutional investors, the long-term concession model offers predictable, regulated revenue streams over three and a half decades, enhancing corporate balance sheets against macroeconomic volatility.
Regionally, the upgrades will significantly bolster grid stability and accommodate rising power demands in Uttar Pradesh's industrial and rural corridors. More broadly, the development highlights a growing trend of public-private partnerships in India's energy transmission ecosystem. For the wider private sector, this competitive bidding framework opens sustainable investment avenues in high-voltage utility infrastructure, accelerating regional economic growth and standardizing regional power distribution networks.
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