Two ISTS transmission schemes shift to RTM due to single-bidder issue
Two interstate transmission system (ISTS) schemes for augmentation works at the Bhuj-II Pooling Station in Gujarat will now be implemented under the regulated tariff mechanism (RTM) instead of tariff-based competitive bidding (TBCB), as Power Grid Corporation of India Ltd (PGCIL) remained the sole bidder despite extended bidding timelines. The National Committee on Transmission (NCT) has approved the shift, with Powergrid Bhuj Transmission Ltd (PBTL), a TBCB subsidiary of PGCIL, set to execute the projects, which…