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PGCIL wins mega ISTS project for renewable energy evacuation in Gujarat

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Power Grid Corporation of India Ltd (PGCIL) has been named the successful bidder for developing a mega Inter-State Transmission System (ISTS) project utilizing HVDC technology.  The project, known as the “Evacuation of power from potential renewable energy zone in Khavda area of Gujarat under Phase-V (8 GW): Part A,” will be established on a build, own, operate, and transfer (BOOT) basis. The letter of intent (LoI) was received on October 28, 2024. The project, housed…

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SRPC proposes 6,000 MW reverse capacity upgrade for Raigarh-Pugalur HVDC system

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The Southern Regional Power Committee (SRPC) has proposed enhancing the reverse transfer capacity of the ±800kV, 6000 MW Raigarh-Pugalur HVDC system from 3,000 MW to 6,000 MW. The National Committee on Transmission (NCT) is expected to discuss this proposal in its upcoming meeting later this month. Currently, the Raigarh-Pugalur HVDC link can transfer 6,000 MW in the forward direction from Raigarh (Chhattisgarh) to Pugalur (Tamil Nadu). The estimated cost for the reverse capacity project is…

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PGCIL secures LoIs for two ISTS schemes in Rajasthan

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Power Grid Corporation of India Ltd (PGCIL) has received letters of intent (LoIs) for two interstate transmission system (ISTS) schemes for evacuating renewable energy from Rajasthan’s Renewable Energy Zone (REZ) Phase IV (6 GW) [Bikaner complex]. The LoIs were issued on October 21, 2024, with PGCIL confirming the notifications on October 22, 2024. The two schemes are: Transmission system for evacuation of power from Rajasthan REZ Phase IV (Part-3: 6 GW) [Bikaner complex]: Part A-…

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SPV incorporated for Bhadla-Bikaner complex ISTS scheme

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PFC Consulting Ltd (PFCCL) has formed a wholly-owned subsidiary, “Bikaner and Bhadla Transmission Complex Ltd,” to serve as the special purpose vehicle (SPV) for the project “Transmission system strengthening to facilitate evacuation of power from Bhadla/Bikaner Complex” aimed at evacuating renewable energy from Rajasthan to load centres in Delhi and Uttar Pradesh. The project, incorporated on October 15, 2024, is part of an ISTS scheme. PFCCL is overseeing the bidder selection process through a tariff-based…

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PFCCL transfers four SPVs to PGCIL and Adani Energy

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On October 15, 2024, PFC Consulting Ltd (PFCCL) transferred four special purpose vehicles (SPVs) for interstate transmission system (ISTS) projects to their winning developers, selected through tariff-based competitive bidding (TBCB). The projects were handed over to Power Grid Corporation of India Ltd (PGCIL) and Adani Energy Solutions Ltd (AESL), with each developer receiving two projects. The SPVs, previously incorporated as PFCCL subsidiaries, were transferred as follows: South Olpad Transmission Ltd (incorporated January 19, 2024), handling…

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PGCIL formally acquires project SPV for “Rajasthan IV H1” ISTS scheme

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On October 15, 2024, Power Grid Corporation of India Ltd (PGCIL) was awarded the project SPV “Rajasthan IV H1 Power Transmission Ltd” by RECPDCL, the bid process coordinator, under the tariff-based competitive bidding (TBCB) route.  PGCIL will develop the transmission project on a BOOT (Build, Own, Operate & Transfer) basis. The project involves establishing substations in Madhya Pradesh, including 765/400kV, 400/220kV, and 220/132kV substations with associated reactors. The project aims for completion within 24 months….

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PGCIL, RVPNL sign shareholder agreement for intra-state transmission

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Power Grid Corporation of India Ltd (PGCIL) has entered into a shareholder agreement with state transmission utility Rajasthan Rajya Vidyut Prasaran Ltd (RVPNL) to establish a joint venture (JV) company. As per a stock exchange filing, PGCIL will hold a 74% equity stake in the JV, while RVPNL will own the remaining 26%. The proposed JV aims to execute projects valued at up to Rs 10 billion in a phased manner, focusing on the development…