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NCT approves six new projects worth Rs 96.7 billion

India, News

The National Committee on Transmission (NCT) recently recommended six interstate transmission system (ISTS) schemes with a total project outlay of nearly Rs 96.7 billion, to be implemented under the tariff-based competitive bidding (TBCB) mechanism. These schemes aim to enhance India’s power transmission infrastructure across various states. The first scheme focuses on developing a transmission system to supply power to green hydrogen and ammonia manufacturing in the Kandla area of Gujarat, with a planned capacity of…

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Power Grid acquires Bhadla-III Power Transmission project

India, News

On August 28, 2024, REC Power Development & Consultancy Ltd (RECPDCL) handed over the project Special Purpose Vehicle (SPV) “Bhadla-III Power Transmission Ltd” to Power Grid Corporation of India Ltd (PGCIL). PGCIL won the project through a tariff-based competitive bidding (TBCB) process for an interstate transmission system (ISTS) scheme named “Additional transmission system for Bhadla-III Pooling Station as part of Rajasthan REZ Phase III (20 GW).” The project, to be developed under the build, own,…

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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,…

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REC incorporates ‘Rajasthan IV 4B Power Transmission’ as a wholly owned subsidiary

India, News

REC has established ‘Rajasthan IV 4B Power Transmission’ as a wholly owned subsidiary of REC Power Development & Consultancy (RECPDCL), which itself is a wholly owned subsidiary of REC. The new company has been formed to manage the transmission system for the evacuation of power from Rajasthan Renewable Energy Zone (REZ) Phase-IV (Part-4: 3.5 GW), specifically Part B. The newly incorporated entity has an authorized and paid-up capital of Rs 500,000. This formation follows a…

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Power Grid secures project for Bhadla-III Pooling Station augmentation

India, News

Power Grid Corporation of India Ltd (PGCIL) has received the letter of intent to develop an interstate transmission system (ISTS) scheme focused on augmenting the Bhadla-III Pooling Station in Rajasthan. The project, part of the Rajasthan Renewable Energy Zone (REZ) Phase-III Scheme, aims to support the evacuation of 20 GW of power and will be executed on a build, own, operate, and transfer (BOOT) basis. The project is estimated to cost around Rs 3.69 billion,…

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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…

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PGCIL emerges as L1 for Transmission system for evacuation of power from Renewable Energy Zones (REZ) in Rajasthan (20 GW) under Phase-III Part I 

India, News

Power Grid Corporation of India Limited (PGCIL) has emerged as the lowest bidder (L1) for the Transmission system for evacuation of power from Renewable Energy Zones (REZ) in Rajasthan (20 GW) under Phase-III Part I. REC Power Development & Consultancy Limited (RECPDCL), its bid process coordinator, will transfer the special purpose vehicle (SPV) Rajasthan Part I Power Transmission Limited to PGCIL upon completion of formalities. The project is estimated at Rs 127 billion and will…