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PGCIL completes acquisition of two ISTS schemes for power transmission

India, News

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…

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RECPDCL forms two SPVs for ISTS projects in Karnataka and Tamil Nadu

India, News

REC Power Development & Consultancy Ltd (RECPDCL), as the bid process coordinator, has launched two wholly-owned subsidiaries to act as special purpose vehicles (SPVs) for ISTS-TBCB schemes currently under bidding. These SPVs, Bidar Transco Ltd and Tuticorin Power Transmission Ltd, will support crucial transmission upgrades and green energy integration. Project SPV Details: Bidar Transco Ltd Incorporation Date: November 5, 2024 Scheme: Augmentation of transformation capacity with 3×500 MVA, 400/220kV and 1×1500 MVA, 765/400kV ICTs at…

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Four developers shortlisted for Rajasthan HVDC-based ISTS scheme re-tender

India, News

Four developers, Power Grid Corporation of India Ltd (PGCIL), Sterlite Power, Adani Energy Solutions Ltd (AESL), and India Grid Trust (IndiGrid), have been shortlisted for the development of an interstate transmission system (ISTS) scheme in Rajasthan.  The scheme, “Transmission system for evacuation of power from REZ in Rajasthan (20 GW) under Phase-III Part I,” involves high-voltage direct current (HVDC) infrastructure and was re-tendered in August following the annulment of the original bidding process. Housed under…

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NTPC REL invites bids for 300 MW ISTS-connected solar project in Rajasthan

India, News

NTPC Renewable Energy Limited (NTPC REL) has issued a bid invitation for the engineering, procurement, and construction (EPC) of a 300 MW ground-mounted solar power project linked to the interstate transmission system (ISTS) near NTPC Anta in Rajasthan. The bid submission deadline is December 12, 2024, with NTPC REL funding the project through its own resources or borrowings. The project scope includes land acquisition, comprehensive design and EPC services, manufacturing, supply, transportation, and installation of…

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CERC approves transmission tariff for Sirohi Transmission’s ISTS project

India, News

The Central Electricity Regulatory Commission (CERC) has approved the annual transmission tariff of Rs 2.91 billion for Sirohi Transmission Ltd, a wholly-owned subsidiary of Power Grid Corporation of India Ltd (PGCIL), for its ISTS scheme.  This project, named “Transmission system for evacuation of power from Rajasthan REZ Phase IV (Part 2: 5.5 GW) (Jaisalmer/Barmer Complex) Part B,” was awarded to PGCIL under the tariff-based competitive bidding (TBCB) process. During the bidding, PGCIL’s final winning bid…

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Powerica wins SECI auction for 500 MW ISTS wind power project

India, News

Powerica has secured a 50 MW capacity in the Solar Energy Corporation of India’s (SECI) undersubscribed auction for a 500 MW interstate transmission system (ISTS)-connected wind power project (Tranche-XVII).  The company won the allocation at a tariff of Rs 3.81 per kWh. Due to an undersubscription, only 120 MW of the 500 MW was bid, resulting in SECI reducing the total award to 96 MW, per the tender’s 80% allocation provision. Adyant Enersol also participated,…

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RECPDCL establishes subsidiaries for ISTS projects in Gujarat, Rajasthan, and J&K

India, News

REC Power Development & Consultancy Ltd (RECPDCL) has created three wholly-owned subsidiaries to develop interstate transmission system (ISTS) schemes across Gujarat, Rajasthan, and Jammu & Kashmir. On October 25, 2024, RECPDCL incorporated Banaskantha Transco Ltd as a special purpose vehicle (SPV) to implement the “Augmentation of transformation capacity at Banaskantha (Raghanesda) PS (GIS)” project in Gujarat. The bidder selection for this ISTS scheme will be carried out through the tariff-based competitive bidding (TBCB) mechanism. RECPDCL…

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RECPDCL incorporates SPV for ISTS project in Jammu & Kashmir

India, News

REC Power Development & Consultancy Ltd (RECPDCL) established a project special purpose vehicle (SPV) named “Ratle Kiru Power Transmission Ltd” on October 23, 2024, as a wholly-owned subsidiary. This SPV will develop the ISTS scheme titled “Transmission scheme for evacuation of power from Ratle HEP (850 MW) & Kiru HEP (624 MW): Part-A” in Jammu & Kashmir. The scheme, estimated to cost Rs 12.14 billion with a gestation period of 24 months, will provide ISTS…

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PGCIL wins mega ISTS project for renewable energy evacuation in Gujarat

India, News

Power Grid Corporation of India Ltd (PGCIL) has been named the successful bidder for developing a mega Inter-State Transmission System (ISTS) project utilizing HVDC technology.  The project, known as the “Evacuation of power from potential renewable energy zone in Khavda area of Gujarat under Phase-V (8 GW): Part A,” will be established on a build, own, operate, and transfer (BOOT) basis. The letter of intent (LoI) was received on October 28, 2024. The project, housed…

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PGCIL secures LoIs for two ISTS schemes in Rajasthan

India, News

Power Grid Corporation of India Ltd (PGCIL) has received letters of intent (LoIs) for two interstate transmission system (ISTS) schemes for evacuating renewable energy from Rajasthan’s Renewable Energy Zone (REZ) Phase IV (6 GW) [Bikaner complex]. The LoIs were issued on October 21, 2024, with PGCIL confirming the notifications on October 22, 2024. The two schemes are: Transmission system for evacuation of power from Rajasthan REZ Phase IV (Part-3: 6 GW) [Bikaner complex]: Part A-…