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REC Power incorporates SPVs for Talegaon and Khavda power transmission projects

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Bid process coordinator REC Power Development & Consultancy Ltd (RECPDCL) has established two wholly-owned subsidiaries to act as special purpose vehicles (SPVs) for developing interstate transmission system (ISTS) schemes under the tariff-based competitive bidding (TBCB) mechanism. According to a stock exchange filing by REC Ltd, the parent company of RECPDCL, the SPVs were incorporated on November 18, 2024: WRNES Talegaon Power Transmission Ltd: Focused on network expansion in Maharashtra for green energy supply to pumped…

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PGCIL completes acquisition of two ISTS schemes for power transmission

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Power Grid Corporation of India Ltd (PGCIL) has finalized the acquisition of two interstate transmission system (ISTS) projects awarded through a tariff-based competitive bidding process.  These projects were transferred from bid process coordinator PFC Consulting Ltd (PFCCL) on November 7, 2024. The projects will operate under the build, own, operate, and transfer model. The first project, Barmer I Transmission Ltd, is a transmission system intended for power evacuation from Rajasthan Renewable Energy Zone (REZ) Phase…

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Bidding process underway for ISTS schemes to power green hydrogen

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The National Committee on Transmission (NCT) has approved three Interstate Transmission System (ISTS) schemes to support upcoming green hydrogen and ammonia manufacturing units in Gujarat (Kandla and Mundra) and Tamil Nadu (Tuticorin). These schemes, with an estimated total outlay of Rs 82 billion, are now open for bids, with technical bids expected to open by December 2024. Gujarat Schemes: Kandla Scheme: This project, designed to meet a projected demand of 1,690 MW by FY28 from…