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PGCIL wins LoI to build power evacuation line for Mahan Energen plant

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Power Grid Corporation of India Limited (PGCIL) has received a Letter of Intent (LoI) for selection as the transmission service provider (TSP) for a key power evacuation project in Madhya Pradesh.  The award follows a tariff based competitive bidding (TBCB) process under the build, own, operate, and transfer (BOOT) model. The project is titled Transmission System for evacuation of power from Mahan Energen Limited Generating Station in Madhya Pradesh. PFC Consulting Limited (PFCCL), acting as…

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RECPDCL transfers four transmission SPVs to PGCIL and IndiGrid

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REC Power Development & Consultancy Limited (RECPDCL) has transferred four special purpose vehicles (SPVs) to Power Grid Corporation of India Limited (PGCIL) and IndiGrid 2 Private Limited for the development of transmission system projects across India. The transfer took place on March 24, 2025. SPVs transferred to PGCIL PGCIL has taken over three SPVs for key transmission projects: Banaskantha Transco Limited – Augmentation of transformation capacity at Banaskantha (Raghanesda) PS (GIS) in Gujarat.   Kurnool-IV…

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PGCIL acquires two SPVs for transmission projects in Karnataka and Rajasthan

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Power Grid Corporation of India Limited (PGCIL) has acquired two special purpose vehicles (SPVs) to implement key transmission projects in Karnataka and Rajasthan.  The two SPVs are: Chitradurga Bellary REZ Transmission Limited – Responsible for “Transmission Scheme for integration of Davanagere / Chitradurga and Bellary REZ in Karnataka.” Fatehgarh II And Barmer I PS Transmission Limited – Responsible for “Augmentation at Fatehgarh-II PS, Fatehgarh-IV PS (Section II) and Barmer-I PS.” The acquisition, completed on March…

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Three firms shortlisted for Odisha transmission project under TBCB

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Adani Energy Solutions Limited (AESL), Power Grid Corporation of India Limited (PGCIL), and Techno Electric and Engineering Company Limited (TEECL) have been shortlisted as technically qualified bidders to serve as a transmission service provider (TSP) through tariff-based competitive bidding (TBCB) on a build, own, operate, and transfer (BOOT) basis. The project involves constructing a 400/220/132 kV grid substation with associated transmission lines at Joda/Barbil and a LILO (Line-In Line-Out) of the 400 kV Kaniha-Bisra double…

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Four firms shortlisted for transmission scheme of Ratle and Kiru HEP evacuation

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  Four firms have been shortlisted as technically qualified for the Transmission scheme for evacuation of power from Ratle HEP (850 MW) & Kiru HEP (624 MW): Part-A: Power Grid Corporation of India Limited (PGCIL), Resonia Limited (erstwhile Sterlite Grid 32 Limited), Adani Energy Solutions Limited (AESL), and IndiGrid 2 Private Limited.  REC Power Distribution Company Limited (REC PDCL) invited Request for Proposal (RFP) bids for the same in September 2024. REC PDCL has been…

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Contract and Deal Updates – January 27, 2025

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Jyoti Structures secures Rs 7,412.8 million PGCIL contract for HVDC line Jyoti Structures Limited won a contract worth Rs 7,412.8 million from Power Grid Corporation of India Limited (PGCIL) for Transmission Line package TL01 for 800 kV high voltage direct current (HVDC) Bipole Line (Hexa Lapwing) between KPS2 (HVDC) and Nagpur (HVDC) (with dedicated metallic return) – Part-1 for the Transmission System for Evacuation of Power from potential renewable energy zone in Khavda area of…

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CERC issues interstate licence to Powergrid Bhadla Bikaner Transmission

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The Central Electricity Regulatory Commission (CERC) has granted an interstate transmission licence to Powergrid Bhadla Bikaner Transmission Ltd (PBBTL), a subsidiary of Power Grid Corporation of India Ltd (PGCIL). The licence, valid for 25 years, is subject to regulatory conditions. PBBTL is developing the “Transmission system strengthening for interconnections of Bhadla-III and Bikaner-III complex” scheme in Rajasthan. This ISTS-TBCB project is based on a build, own, operate & transfer (BOOT) model and is expected to…

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RECPDCL transfers SPVs to PGCIL and DRAIPL for Rajasthan REZ Phase IV transmission projects

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REC Power Development and Consultancy Limited (RECPDCL), a subsidiary of REC Limited, has transferred two Special Purpose Vehicles (SPVs) as part of the Rajasthan Renewable Energy Zone (REZ) Phase IV power evacuation projects.  The first SPV, Rajasthan IV 4A Power Transmission Limited, was transferred to Power Grid Corporation of India Limited (PGCIL), for the development of “Transmission system for evacuation of power from Rajasthan REZ Ph-IV (Part 4: 3.5 GW): Part B.” Key components include…

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PGCIL sells residual stake in four entities to PGInvIT

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Power Grid Corporation of India Ltd (PGCIL) has sold its remaining 26% stake in four associate companies to Power Grid Infrastructure Investment Trust (PGInvIT) for Rs 5.07 billion.  The transfer, completed on December 30, 2024, aligns with share purchase agreements involving PGCIL, IDBI Trusteeship Services Ltd, PUTL (Powergrid Unchahar Transmission Ltd), and the concerned entities. The four companies and the consideration received from each are: Powergrid Kala Amb Transmission Ltd: Rs 430 million Powergrid Parli…

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PGCIL and MEIL shortlisted for Karnataka transmission project

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Power Grid Corporation of India Limited (PGCIL) and Megha Engineering and Infrastructures Limited (MEIL) are technically qualified for the selection of the transmission service provider (TSP) for the Augmentation of transformation capacity by 3×500 MVA, 400/220 kV ICTs (6th-8th) and 1×1,500 MVA, 765/400 kV ICT (4th) at Bidar PS in Karnataka. The selection is conducted through the tariff-based competitive bidding (TBCB) process on a build, own, operate, and transfer (BOOT) basis.  REC Power Distribution Company…