The Ministry of Power has revised its Standard Bidding Documents (SBDs) for Inter-State Transmission Services. Announced on June 5, 2025, the amendment now permits bidders to submit Insurance Surety Bonds (ISBs) and Payment on Order Instruments (POIs) instead of relying solely on traditional bank guarantees. The revised bid security norms expand the definition of a…
The Water Resources Department, Madhya Pradesh has identified various dams and reservoirs for setting up floating solar power projects in the state. This initiative is part of the Ministry of Power’s (MoP’s) national vision to install floating solar power projects on water bodies across India. MoP has allocated the survey and investigation (S&I) work for…
The Ministry of Power (MoP) has released a draft amendment to the Guidelines for Installation and Operation of Electric Vehicle Charging Infrastructure-2024. The draft outlines the framework for establishing EV charging infrastructure, including networks of charging stations equipped to meet diverse EV charging needs. The proposed guidelines define EV charging infrastructure as comprising various components…
Paradeep Transmission, a wholly-owned subsidiary of PFC Consulting created to develop the Eastern Region Expansion Scheme-XXXIV (ERES XXXIV), has been transferred to Tata Power Company. The sale and transfer process to Tata Power, the successful bidder, was finalized on 06 November 2024. The sale consideration was determined as per guidelines set by the Ministry of…
On October 14, 2024, PFC Consulting Ltd (PFCCL), a wholly-owned subsidiary of Power Finance Corporation, signed a memorandum of understanding (MoU) with the Central Electricity Authority (CEA) to collaborate on generation, transmission, and distribution projects. PFCCL, which provides consultancy services to the power sector, also plays a crucial role in developing ultra mega power projects…
The Ministry of Power (MoP) has launched the National Electricity Plan for transmission, targeting the transmission of 500 GW of renewable energy by 2030 and over 600 GW by 2032. The plan also addresses the need for 47 GW of battery energy storage systems and 31 GW of pumped storage plants. From 2022-23 to 2031-32,…