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RECPDCL establishes subsidiaries for ISTS projects in Gujarat, Rajasthan, and J&K

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REC Power Development & Consultancy Ltd (RECPDCL) has created three wholly-owned subsidiaries to develop interstate transmission system (ISTS) schemes across Gujarat, Rajasthan, and Jammu & Kashmir. On October 25, 2024, RECPDCL incorporated Banaskantha Transco Ltd as a special purpose vehicle (SPV) to implement the “Augmentation of transformation capacity at Banaskantha (Raghanesda) PS (GIS)” project in Gujarat. The bidder selection for this ISTS scheme will be carried out through the tariff-based competitive bidding (TBCB) mechanism. RECPDCL…

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IndiGrid reports Rs 651 billion bid pipeline, expands BESS portfolio with new projects

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India Grid Trust (IndiGrid) has estimated a bid pipeline worth over Rs 651 billion in the power transmission sector, as disclosed in its Q2 FY25 investor presentation. The pipeline includes interstate transmission system (ISTS) projects with issued requests for proposal (RfP). Additionally, IndiGrid sees an estimated Rs 35 billion opportunity in the battery energy storage system (BESS) market, primarily from projects in Gujarat and Uttar Pradesh. In Q2FY25, IndiGrid announced a partnership with British International…

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Adani Energy adds 2,000 ckm to transmission portfolio

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Adani Energy Solutions Ltd (AESL) has added over 2,000 circuit kilometers (ckm) to its under-construction power transmission portfolio with three new project wins in Q2 FY25. These projects, totalling 2,059 ckm of transmission lines and 13,500 MVA of substation capacity, bring AESL’s total under-construction portfolio to 5,155 ckm of lines and 35,071 MVA. All three projects are part of interstate transmission system (ISTS) schemes awarded under the tariff-based competitive bidding (TBCB) route, with a combined…