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PGCIL completes acquisition of two ISTS schemes for power transmission

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Power Grid Corporation of India Ltd (PGCIL) has finalized the acquisition of two interstate transmission system (ISTS) projects awarded through a tariff-based competitive bidding process. 

These projects were transferred from bid process coordinator PFC Consulting Ltd (PFCCL) on November 7, 2024. The projects will operate under the build, own, operate, and transfer model.

The first project, Barmer I Transmission Ltd, is a transmission system intended for power evacuation from Rajasthan Renewable Energy Zone (REZ) Phase IV, specifically for 5.5 GW in Jaisalmer and Barmer, with an estimated cost of Rs 27.35 billion. The project is expected to be completed by November 7, 2026.

The second project, Khavda PS1 and 3 Transmission Ltd, involves dynamic reactive compensation at KPS1 and KPS2 in Gujarat, with an estimated cost of Rs 5.01 billion. This project is also scheduled for completion by November 7, 2026.

PGCIL is awaiting the formal transfer of three additional ISTS schemes, including Khavda V-A, Bikaner A, and Bikaner B Power Transmission Ltd, for which it has received letters of intent. With 12 out of 22 schemes awarded in FY25, PGCIL has established its leadership in both project volume and projected transmission tariffs for this fiscal year.

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