SPV incorporated for Bhadla-Bikaner complex ISTS scheme

PFC Consulting Ltd (PFCCL) has formed a wholly-owned subsidiary, “Bikaner and Bhadla Transmission Complex Ltd,” to serve as the special purpose vehicle (SPV) for the project “Transmission system strengthening to facilitate evacuation of power from Bhadla/Bikaner Complex” aimed at evacuating renewable energy from Rajasthan to load centres in Delhi and Uttar Pradesh. The project, incorporated on October 15, 2024, is part of an ISTS scheme.

PFCCL is overseeing the bidder selection process through a tariff-based competitive bidding (TBCB) method. 

The project is expected to cost Rs 1.9875 billion and will be implemented over 18 months once the SPV is transferred to the successful bidder. It involves the construction of a 4-km, 400kV double-circuit transmission line connecting the 765/400kV Bareilly substation to the 400kV Bareilly substation in Uttar Pradesh, along with upgrading the Bareilly substation with a 1×1500 MVA transformer. Both substations are owned by PGCIL.