Power Ministry expands financial options in transmission bidding norms
The Ministry of Power has revised the Standard Bidding Documents (SBDs) for the procurement of Inter-State Transmission Services under the Tariff-Based Competitive Bidding (TBCB) framework. The amendments, which took effect on 5th June 2025, expand the financial instruments that developers can use to meet bid security and performance guarantee requirements. These changes were driven by repeated representations from transmission developers who flagged the constraints imposed by the requirement for unconditional and irrevocable bank guarantees. Such…