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CERC grants final transmission licence to PGCIL’s Bhadla-III Transmission

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The Central Electricity Regulatory Commission (CERC) has granted a final transmission licence to “Bhadla-III Transmission Ltd,” a wholly-owned TBCB subsidiary of Power Grid Corporation of India Ltd (PGCIL).  The licence, issued on December 15, 2024, is valid for 25 years unless revoked earlier. Bhadla-III Transmission Ltd is developing an ISTS scheme titled “Additional transmission system for evacuation of power from Bhadla-III PS as part of Rajasthan REZ Phase-III (20 GW)” under the build, own, operate,…

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DRAIPL secures transmission contract for Rajasthan REZ Phase IV evacuation

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Dineshchandra R Agrawal Infracon Private Limited (DRAPL) has been awarded the contract to act as the Transmission Service Provider (TSP) for the Transmission System for evacuation of power from Rajasthan Renewable Energy Zone (REZ) Phase IV (Part 4: 3.5 GW): Part B.  The project will be developed under the Tariff-Based Competitive Bidding (TBCB) process on a Build, Own, Operate, and Transfer (BOOT) basis. REC Power Distribution Company Limited (REC PDCL) was the Bid Process Coordinator…

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Three bidders qualify for Rajasthan REZ Phase IV transmission project

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Three developers—Power Grid Corporation of India Ltd (PGCIL), Sterlite Power, and Adani Energy Solutions Ltd (AESL)—have pre-qualified to open initial price bids for a key ISTS-TBCB project for renewable energy evacuation from Rajasthan.  The project, titled “Transmission system for evacuation of power from Rajasthan REZ Ph-IV (Part 4: 3.5 GW): Part A,” is coordinated by REC Power Development & Consultancy Ltd (RECPDCL), which expects to issue the letter of intent to the winning bidder post…

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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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RECPDCL establishes subsidiaries for ISTS projects in Gujarat, Rajasthan, and J&K

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REC Power Development & Consultancy Ltd (RECPDCL) has created three wholly-owned subsidiaries to develop interstate transmission system (ISTS) schemes across Gujarat, Rajasthan, and Jammu & Kashmir. On October 25, 2024, RECPDCL incorporated Banaskantha Transco Ltd as a special purpose vehicle (SPV) to implement the “Augmentation of transformation capacity at Banaskantha (Raghanesda) PS (GIS)” project in Gujarat. The bidder selection for this ISTS scheme will be carried out through the tariff-based competitive bidding (TBCB) mechanism. RECPDCL…