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REC forms eight SPVs for interstate transmission projects

India, News

The board of REC Ltd has approved the establishment of eight special purpose vehicles (SPVs) for the development of interstate transmission system (ISTS) schemes. In a stock exchange filing, REC stated that the board, during a meeting on September 30, 2024, authorized the formation of these SPVs as wholly-owned subsidiaries of REC Power Development & Consultancy Ltd (RECPDCL), which is itself a wholly-owned subsidiary of REC Ltd. These SPVs will serve as shell companies for…

Key Power Sector News Roundup for September 27, 2024

Power Bytes

Marsons Secures LoI for 150 MW Solar Plant in Rajasthan  Marsons has received an LoI from Nacof Oorja to develop a 150 MW solar PV plant in Rajasthan for Rajasthan Renewable Energy Corporation Limited under the KUSUM Scheme Megha Engineering to Invest Rs 210 Billion in Two Hydro Projects Megha Engineering & Infrastructures Ltd (MEIL) will invest Rs 210 billion in two pumped storage hydro projects in Maharashtra, totalling 4,000 MW. The Kamod and Ghosla…

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Maharashtra signs Rs 475 billion MoUs for renewable energy projects

India, News

The Maharashtra government has signed MoUs with four companies worth Rs 475 billion to develop renewable energy projects, in line with the state’s goal to achieve 50% renewable energy by 2030. These projects are expected to create 18,828 jobs, as announced by Deputy Chief Minister Devendra Fadnavis. The companies involved include SJVN, MahaGenco Renewable Energy Ltd, RECPDCL, THDC, and HPRGE-HPCL. Key projects under these agreements include: RECPDCL: A 500 MW hybrid project with an investment…

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Three bidders shortlisted for Himachal Pradesh hydropower transmission project

India, News

REC Power Development & Consultancy Ltd (RECPDCL) has shortlisted Power Grid Corporation of India Ltd (PGCIL), Sterlite Power, and Adani Energy Solutions Ltd (AESL) for setting up evacuation infrastructure for hydropower projects in Himachal Pradesh under the ISTS scheme. This project, housed under Shongtong Power Transmission Ltd, follows a tariff-based competitive bidding (TBCB) process. The three developers have cleared the technical bid stage, and their initial price bids will soon be opened. The bidding will…

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PGCIL, Adani, Sterlite Power in race for Gujarat’s HVDC transmission project

India, News

Three players—Power Grid Corporation of India Ltd (PGCIL), Adani Energy Solutions Ltd (AESL), and Sterlite Power—have qualified to compete for a major interstate transmission system (ISTS) scheme in Gujarat, involving high-voltage direct current (HVDC) technology. The scheme is part of the Khavda V-A Power Transmission project, aimed at evacuating 8 GW of renewable energy from the Khavda region in Gujarat. Developer selection is being conducted through tariff-based competitive bidding (TBCB). The project is estimated to…

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PGCIL wins transmission project for renewable energy evacuation from Rajasthan REZ

India, News

Power Grid Corporation of India Ltd (PGCIL) has been declared the successful bidder for an interstate transmission system (ISTS) project to evacuate renewable energy from Rajasthan’s Renewable Energy Zone (REZ) Phase IV. PGCIL will establish the project under tariff-based competitive bidding (TBCB) on a build, own, operate, and transfer (BOOT) basis. The project, named “Transmission System for evacuation of power from Rajasthan REZ Phase IV (Part 2: 5.5 GW) (Jaisalmer/Barmer Complex): Part H1,” will involve…

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More evacuation infrastructure planned for Kurnool RE zone in AP

India, News

A new interstate transmission system (ISTS) is being developed to evacuate renewable energy from the Kurnool Renewable Energy Zone (REZ) in Andhra Pradesh. The project, named “Transmission system for integration of Kurnool-IV REZ – Phase-I (for 4.5 GW),” will be implemented under the tariff-based competitive bidding (TBCB) route, with REC Power Development & Consultancy Ltd (RECPDCL) managing the process. With an estimated cost of Rs 5.55 billion, the project is expected to be completed within…

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NCT approves TBCB route for Rs 100 billion interstate transmission projects

India, News

The National Committee on Transmission (NCT), in its 22nd meeting on August 23, 2024, recommended the tariff-based competitive bidding (TBCB) route for four interstate transmission system (ISTS) schemes, with a total project outlay exceeding Rs 100 billion. These projects are aimed at strengthening India’s power transmission infrastructure, particularly for renewable energy zones and green hydrogen production areas. The first scheme focuses on the augmentation of transformation capacity at the Bidar pooling station in Karnataka, with…

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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…

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Khavda IV A project boosts Adani Energy Solutions’ transmission portfolio

India, News

Adani Energy Solutions Ltd (AESL) has expanded its transmission portfolio to 21,783 ckm and its transformation capacity to 61,686 MVA with the acquisition of the Khavda IV A transmission project. This project, acquired from RECPDCL under the tariff-based competitive bidding (TBCB) route, will be developed as an interstate transmission system (ISTS) under the build, own, operate & transfer (BOOT) model for 35 years. The Khavda IV A line will evacuate 7 GW of renewable energy,…