RECPDCL annuls Rs 127 billion Rajasthan HVDC project tender 

REC Power Development & Consultancy Ltd (RECPDCL) has cancelled the tendering process for a Rs 127 billion Inter-State Transmission System (ISTS) – Tariff Based Competitive Bidding (TBCB) scheme in Rajasthan involving High Voltage Direct Current (HVDC) infrastructure. This decision comes after Power Grid Corporation of India Ltd (PGCIL) emerged as the lowest bidder (L1). RECPDCL has now issued new tender documents, with the deadline for submitting responses set for September 17, 2024. The reasons for…