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CERC approves transmission tariff for Sirohi Transmission’s ISTS project

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The Central Electricity Regulatory Commission (CERC) has approved the annual transmission tariff of Rs 2.91 billion for Sirohi Transmission Ltd, a wholly-owned subsidiary of Power Grid Corporation of India Ltd (PGCIL), for its ISTS scheme.  This project, named “Transmission system for evacuation of power from Rajasthan REZ Phase IV (Part 2: 5.5 GW) (Jaisalmer/Barmer Complex) Part B,” was awarded to PGCIL under the tariff-based competitive bidding (TBCB) process. During the bidding, PGCIL’s final winning bid…

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Powerica wins SECI auction for 500 MW ISTS wind power project

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Powerica has secured a 50 MW capacity in the Solar Energy Corporation of India’s (SECI) undersubscribed auction for a 500 MW interstate transmission system (ISTS)-connected wind power project (Tranche-XVII).  The company won the allocation at a tariff of Rs 3.81 per kWh. Due to an undersubscription, only 120 MW of the 500 MW was bid, resulting in SECI reducing the total award to 96 MW, per the tender’s 80% allocation provision. Adyant Enersol also participated,…

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Sembcorp, Adani, Green Prairie, Adyant Enersol and ReNew win NTPC’s 1.2 GW Wind-Solar Auction

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Sembcorp Green Infra, Adani Renewable Energy, Green Prairie Energy III (EverGreen), Adyant Enersol (DATTA INFRA), and ReNew Solar have been selected as winners in NTPC’s auction to develop inter-state transmission system (ISTS) connected wind-solar hybrid power projects with a total capacity of 1.2 GW. Green Prairie Energy and Adyant Enersol secured 200 MW and 70 MW, respectively, at a tariff of Rs 3.28 per kWh. Sembcorp Green Infra, Adani Renewable Energy, and ReNew Solar were…

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PGCIL secures LoIs for two ISTS schemes in Rajasthan

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Power Grid Corporation of India Ltd (PGCIL) has received letters of intent (LoIs) for two interstate transmission system (ISTS) schemes for evacuating renewable energy from Rajasthan’s Renewable Energy Zone (REZ) Phase IV (6 GW) [Bikaner complex]. The LoIs were issued on October 21, 2024, with PGCIL confirming the notifications on October 22, 2024. The two schemes are: Transmission system for evacuation of power from Rajasthan REZ Phase IV (Part-3: 6 GW) [Bikaner complex]: Part A-…

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Sembcorp Industries secures wind-solar hybrid project from SECI

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Sembcorp Industries, through its subsidiary Sembcorp Green Infra, has won a 150 MW wind-solar hybrid project from the Solar Energy Corporation of India (SECI). The project, connected to the interstate transmission system (ISTS), is part of SECI’s 600 MW bid. Sembcorp has received the letter of award (LoA) for this build-own-operate (BOO) initiative. The power generated will be sold to SECI under a 25-year power purchase agreement (PPA). The project is expected to achieve commercial…

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SPV incorporated for Bhadla-Bikaner complex ISTS scheme

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PFC Consulting Ltd (PFCCL) has formed a wholly-owned subsidiary, “Bikaner and Bhadla Transmission Complex Ltd,” to serve as the special purpose vehicle (SPV) for the project “Transmission system strengthening to facilitate evacuation of power from Bhadla/Bikaner Complex” aimed at evacuating renewable energy from Rajasthan to load centres in Delhi and Uttar Pradesh. The project, incorporated on October 15, 2024, is part of an ISTS scheme. PFCCL is overseeing the bidder selection process through a tariff-based…

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PFCCL transfers four SPVs to PGCIL and Adani Energy

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On October 15, 2024, PFC Consulting Ltd (PFCCL) transferred four special purpose vehicles (SPVs) for interstate transmission system (ISTS) projects to their winning developers, selected through tariff-based competitive bidding (TBCB). The projects were handed over to Power Grid Corporation of India Ltd (PGCIL) and Adani Energy Solutions Ltd (AESL), with each developer receiving two projects. The SPVs, previously incorporated as PFCCL subsidiaries, were transferred as follows: South Olpad Transmission Ltd (incorporated January 19, 2024), handling…

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JSW Renew, NTPC sign PPA for 700 MW solar project

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JSW Renew Energy Thirteen Limited, a subsidiary of JSW Energy, has signed a Power Purchase Agreement (PPA) with NTPC Limited for a 700 MW solar project. The 25-year agreement sets a tariff of Rs 2.59 per kilowatt-hour (KWh) and connects the project to both the Inter-State Transmission System (ISTS) and State Transmission Utility (STU). The project is expected to be commissioned by June 2026. This agreement increases JSW Energy’s solar capacity pipeline to 3.2 GW,…

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Hero, Zelestra, Juniper, ReNew, Avaada declared winners of SJVN’s 1.2 GW FDRE II Auction

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Hero Solar Energy, Ganeko Solar (Zelestra), Juniper Green Energy, ReNew, and Avaada have emerged as winners in SJVN’s auction for supplying 1,200 MW of firm and dispatchable power. The power will come from inter-state transmission system (ISTS)-connected renewable energy projects with energy storage systems, under the FDRE II competitive bidding. Juniper, ReNew, Zelestra, and Hero secured 200 MW, 150 MW, 140 MW, and 120 MW, respectively, at Rs 4.25 per kWh. Avaada was awarded 590…

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NHPC floats tender for 1.2 GW ISTS-connected solar power projects

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NHPC Limited has issued a tender for setting up 1.2 GW of interstate transmission system (ISTS)-connected solar power projects across India, with an optional greenshoe capacity (Tranche-IX). The projects can be located anywhere in India, with a bid submission deadline of November 4, 2024. The maximum capacity a bidder can secure is 600 MW, extendable to 1200 MW with the greenshoe option. For projects in northeastern states and special category regions, the minimum capacity is…