bidding

India | News | T&D

PFC forms SPV for 400/220/132 kV AIS Latur transmission project
By December 12, 2025December 12, 2025

Power Finance Corporation (PFC) has set up a Special Purpose Vehicle (SPV) through its subsidiary, PFC Consulting Limited. In its 11 December filing, PFC said the SPV, Latur Rez Transmission Limited, will carry out surveys, land acquisition and other preparatory tasks for the 400/220/132 kV AIS Latur system. The SPV will be transferred to the winning bidder after the international competitive bidding process. PFC Consulting Limited issued the request for proposals on 4 November 2025…

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India | News

Power Ministry allows ISBs and POIs for transmission bid security
By June 9, 2025June 9, 2025

The Ministry of Power has revised its Standard Bidding Documents (SBDs) for Inter-State Transmission Services. Announced on June 5, 2025, the amendment now permits bidders to submit Insurance Surety Bonds (ISBs) and Payment on Order Instruments (POIs) instead of relying solely on traditional bank guarantees. The revised bid security norms expand the definition of a Bid Bond to include three instruments: unconditional bank guarantees, ISBs issued by IRDAI-authorised insurers, and POIs issued solely by IREDA,…

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