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PFCCL invites bids for consultancy on SR-ER grid strengthening project

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PFC Consulting Limited (PFCCL) has issued a tender for the appointment of a technical consultant for surveying and preparing a report for the Inter-Regional Strengthening between Southern Region (SR) Grid and Eastern Region (ER) Grid. The bid invitation was released on May 13, 2025. The deadline for submission is May 20, 2025. PFCCL has been designated as the bid process coordinator (BPC) for selecting a transmission service provider (TSP) through the tariff-based competitive bidding (TBCB)…

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NCT clears three interregional transmission projects worth Rs 38.4 billion

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The National Committee on Transmission (NCT), in its latest meeting, recommended two interstate transmission system (ISTS) projects to the Ministry of Power (MoP) for final clearance. These projects will be implemented under the tariff based competitive bidding (TBCB) route. The first scheme is Inter-Regional Strengthening between SR Grid and ER Grid, with an estimated cost of Rs 27.1 billion. PFC Consulting Limited (PFCCL) has been appointed as the bid process coordinator (BPC) for this project….

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PFCCL forms three new SPVs for interstate transmission projects

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PFC Consulting Ltd (PFCCL) has incorporated three wholly-owned subsidiaries to act as special purpose vehicles (SPVs) for upcoming interstate transmission system (ISTS) projects. These schemes are being developed under the tariff-based competitive bidding (TBCB) framework. Each SPV will be transferred to the selected transmission service provider after the bidding process. All three projects aim to improve grid connectivity and support renewable energy (RE) integration. The first project, “Augmentation of transformation capacity and implementation of line…

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Nine ISTS-TBCB schemes fully commissioned in FY25, slowdown in transmission growth

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Nine interstate transmission system (ISTS) schemes awarded through tariff-based competitive bidding (TBCB) were fully commissioned during FY25. Together, these projects represent around Rs 8.8 billion in annual transmission charges and involved a combined capital outlay of Rs 88 billion. Of the nine schemes, Power Grid Corporation of India Ltd (PGCIL) developed five. Resonia (formerly Sterlite Power) commissioned two, while ReNew Transmission Ventures and Adani Energy Solutions Ltd (AESL) executed one each. The total infrastructure delivered…

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PFC Consulting forms SPV for 3 GW renewable power transmission in Gujarat

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PFC Consulting Limited (PFCCL), a subsidiary of Power Finance Corporation (PFC), has incorporated a special purpose vehicle (SPV) named Raghanesda RE Transmission Limited.  The SPV will oversee the development of the “Transmission System for evacuation of renewable energy power from the Raghanesda area of Gujarat – 3 GW under Phase-I.” The project, with an estimated cost of Rs 18.55 billion, will be executed under the tariff-based competitive bidding (TBCB) process.  PFCCL has been designated as…

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PFCCL forms SPV Kurnool-III PS RE Transmission

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PFC Consulting Limited (PFCCL), a subsidiary of Power Finance Corporation (PFC), has incorporated a special purpose vehicle (SPV), Kurnool-III PS RE Transmission, for the Transmission system strengthening at Kurnool-III PS for integration of additional RE generation projects.  The project will be implemented through tariff-based competitive bidding (TBCB), with PFCCL serving as the bid process coordinator (BPC). The initiative addresses the need for immediate integration and evacuation of power from additional RE projects exceeding 4.5 GW…

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PFCCL incorporates Bhuj ICT Transmission for Rs 5.87 billion grid project

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PFC Consulting Limited (PFCCL), a subsidiary of Power Finance Corporation Limited (PFC), has incorporated Bhuj ICT Transmission Limited as a Special Purpose Vehicle (SPV) to develop the Rs 5.87 billion “Provision of ICT Augmentation & Bus Reactor at Bhuj-II PS” transmission project. This initiative, under the Tariff-Based Competitive Bidding (TBCB) process, is expected to be implemented within 21 months from the transfer of the SPV. The project involves upgrades to the Bhuj-II Power Station (GIS),…

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REC incorporates two subsidiaries for transmission projects in Madhya Pradesh and Andhra Pradesh

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REC Power Development and Consultancy Limited (RECPDCL), a wholly owned subsidiary of REC Limited, has announced the incorporation of two new wholly owned subsidiaries: Mahan Transmission Limited and Kurnool-IV Transmission Limited. Mahan Transmission Limited will oversee the Transmission System for Evacuation of 1230 MW Power (MPPTCL portion) from the 2×800 MW thermal power project of Mahan Energen Ltd. Kurnool-IV Transmission Limited will manage the Transmission System for Integration of Kurnool-IV Renewable Energy Zone (Phase-I, 4.5…

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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…