|

Understanding Tendering Processes and Ownership Models

By

Tendering processes and methods are crucial in the development and execution of construction projects, especially in sectors like power and infrastructure. These processes help ensure transparency, competitiveness, and efficiency in project delivery. Additionally, different ownership models such as BOO (Build-Own-Operate), BOOM (Build-Own-Operate-Maintain), and BOOT (Build-Own-Operate-Transfer) play a significant role in structuring project financing and management. Let’s delve into these aspects in detail. 1. Overview of Tendering Processes Tendering is the procedure by which organizations (public…

|

Tata Power secures LoI from RECPDCL for power transmission project

By

Tata Power Limited has received a letter of intent (LoI) from REC Power Development and Consultancy Limited (RECPDCL), a subsidiary of REC Limited, to acquire the special purpose vehicle (SPV) ERES-XXXIX Power Transmission Limited.  The project, to be developed on a build-own-operate-transfer (BOOT) basis, will offer transmission services for 35 years starting from the commercial operation date scheduled for December 31, 2027. The project includes the construction of a 2×1500 MVA, 765/400 kV gas-insulated switchgear…

|

PGCIL formally acquires project SPV for “Rajasthan IV H1” ISTS scheme

By

On October 15, 2024, Power Grid Corporation of India Ltd (PGCIL) was awarded the project SPV “Rajasthan IV H1 Power Transmission Ltd” by RECPDCL, the bid process coordinator, under the tariff-based competitive bidding (TBCB) route.  PGCIL will develop the transmission project on a BOOT (Build, Own, Operate & Transfer) basis. The project involves establishing substations in Madhya Pradesh, including 765/400kV, 400/220kV, and 220/132kV substations with associated reactors. The project aims for completion within 24 months….