|

Reliance among four bidders for Jamnagar ISTS project

India, News

Reliance Industries Ltd is one of four bidders shortlisted for the interstate transmission system (ISTS) project in Gujarat, managed by Jamnagar Transmission Ltd. This marks a potential entry for Reliance into interstate power transmission development. Competing alongside seasoned players Adani Energy Solutions Ltd, Power Grid Corporation of India Ltd, and Sterlite Power, the project is seen as a key development in Gujarat’s power infrastructure. The Jamnagar transmission scheme, known as the “Network expansion scheme in…

|

Record tariff set for Khavda IV-C ISTS project

India, News

Sterlite Power has secured the Khavda IV-C interstate transmission system (ISTS) project with an annual tariff of Rs 13.15 billion, the highest ever for an ISTS scheme under the tariff-based competitive bidding (TBCB) process. Competing bids from Power Grid Corporation of India Ltd (PGCIL) and Adani Energy Solutions Ltd (AESL) were close, with the L2 bid just 0.25% higher than Sterlite’s winning bid. The project, now estimated to cost over Rs 120 billion, includes a…

|

NHPC declares winners of 1.2 GW ISTS solar projects

India, News

NHPC Limited has announced the winners for the development of 1.2 GW inter-state transmission system (ISTS)-connected solar power projects in India. The successful bidders include Essar Renewables (300 MW), Jevargi Solar (Rays Infra) (200 MW), Onward Solar (50 MW), Avaada Energy (350 MW), and Mahindra Susten (300 MW). Essar Renewables, Jevargi Solar, and Onward Solar quoted a tariff of Rs 2.56 per kWh, while Avaada Energy and Mahindra Susten quoted Rs 2.57 per kWh. The…

|

ISTS scheme for green hydrogen units in Tuticorin approved

India, News

The National Committee on Transmission (NCT) has approved a Rs 26.17 billion interstate transmission system (ISTS) to support upcoming green hydrogen and green ammonia projects in the Tuticorin area of Tamil Nadu. The project, titled “Transmission system for proposed green hydrogen/green ammonia projects in Tuticorin area,” will be implemented under tariff-based competitive bidding (TBCB) with REC Power Development & Consultancy Ltd (RECPDCL) serving as the bid process coordinator. The project will be completed within 30…

|

Adani Energy and Sterlite secure ISTS projects from RECPDCL

India, News

REC Power Development & Consultancy Ltd (RECPDCL), the bid process coordinator, has transferred two interstate transmission system (ISTS) project special purpose vehicles (SPVs) to Adani Energy Solutions Ltd (AESL) and Sterlite Power, under the tariff-based competitive bidding (TBCB) mechanism. The first project SPV, Khavda IV A Power Transmission Ltd, has been awarded to Adani Energy Solutions Ltd. This project is part of the transmission system for Khavda Phase IV (7 GW) – Part A, located…

|

PGCIL, Sterlite Power, Adani qualify for initial price bids in Navinal ISTS-TBCB project

India, News

Three developers—Power Grid Corporation of India Ltd (PGCIL), Sterlite Power, and Adani Energy Solutions Ltd (AESL)—have qualified for the opening of initial price bids for the ISTS-TBCB scheme under “Navinal Transmission Ltd.” The bidding process, coordinated by PFC Consulting Ltd (PFCCL), began in May 2024 and will soon move to the e-reverse auction (e-RA) phase. The project, officially termed the “Network expansion scheme in Navinal (Mundra) area of Gujarat for drawl of power in the…

|

PGCIL acquires two ISTS-TBCB projects in Rajasthan

India, News

On August 19, 2024, REC Power Development & Consultancy Ltd (RECPDCL) officially transferred two special purpose vehicles (SPVs) related to ISTS-TBCB schemes to Power Grid Corporation of India Ltd (PGCIL). The SPVs—Rajasthan IV C Power Transmission Ltd and Rajasthan IV E Power Transmission Ltd—are linked to the transmission system for evacuating power from Rajasthan REZ Phase-IV (5.5 GW) in the Jaisalmer/Barmer Complex. PGCIL received the letter of intent for these projects on April 16, 2024,…

|

Oxford scientists develop groundbreaking perovskite solar technology

Global, News

A team of scientists at Oxford University has made a significant breakthrough in solar technology with the development of an ultra-thin, light-absorbing material made from perovskite. This new technology could transform everyday objects into power-generating surfaces, offering a sustainable solution to the growing demand for renewable energy. Perovskite coatings are far more efficient at absorbing solar energy compared to traditional silicon-based panels. These coatings are over a micron thick, making them 150 times thinner than…

|

G R Infraprojects likely to win bid for Rs 7.93 billion ISTS project in Karnataka

India, News

G R Infraprojects Ltd (GRIL) is likely to secure its third interstate transmission system (ISTS) project under the tariff-based competitive bidding (TBCB) route. GRIL emerged as the lowest bidder (L1) for the “Transmission scheme for integration of Tumkur‐II REZ in Karnataka” during the e-reverse auction conducted on August 6, 2024. The project, coordinated by REC Power Development & Consultancy Ltd (RECPDCL), involves the development of key infrastructure, including a 400/220kV, 4×500 MVA Pooling Station near…

|

NCT recommends major ISTS schemes worth over Rs 220 billion

India, News

In its latest meeting, the National Committee on Transmission (NCT) recommended interstate transmission system (ISTS) schemes worth over Rs 220 billion to the Union power ministry for final clearance. A total of ten ISTS schemes, costing Rs 227.3 billion, were discussed. Of these, seven schemes (costing Rs 93.99 billion) will follow the tariff-based competitive bidding (TBCB) mode, while three schemes (costing INR 133.38 billion) will use the regulated tariff mechanism (RTM). TBCB Schemes Each of…