Power Grid Corporation of India Limited (PGCIL) received the Letter of Intent (LoI) for two Interstate Transmission System (ISTS) projects under the Tariff Based Competitive Bidding (TBCB) route on January 6, 2025. 

These projects are on a Build, Own, Operate, and Transfer (BOOT) basis:

  1. Augmentation of transformation capacity at KPS1 (GIS) and KPS2 (GIS) (Phase-V Part B1 and Part B2 scheme): The project comprises augmentation works at under-construction substations in the State of Gujarat. The estimated cost of the project is Rs 4.6 billion.
  2. Augmentation of transformation capacity by 3×500 MVA, 400/220kV ICTs (6th – 8th) and 1×1500 MVA, 765/400kV ICT (4th) at Bidar PS: The project comprises augmentation works at an under-construction substation in the State of Karnataka. The estimated cost of the project is Rs 2.8 billion. 

The projects are expected to be completed in 24 months. REC Power Distribution Company Limited (REC PDCL) was appointed as the bid process coordinator (BPC).

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