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POWERGRID wins SR–ER transmission project
By December 16, 2025December 16, 2025

Power Grid Corporation of India Limited (POWERGRID) has been declared the successful bidder under the tariff-based competitive bidding framework to establish the Inter-State Transmission System for the project titled “Inter Regional Strengthening between SR Grid and ER Grid.” The project will be implemented on a Build, Own, Operate and Transfer basis, and POWERGRID received the Letter of Intent on 15 December 2025. Power Finance Corporation Consulting Limited (PFCCL), the bid process coordinator for the project,…

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India | News | T&D

Ceigall India wins Velgaon intrastate transmission project in Maharashtra
By November 25, 2025November 25, 2025

Ceigall India Ltd is set to take over the Velgaon intrastate transmission scheme in Maharashtra after receiving the letter of intent from REC Power Development and Consultancy on 23 November 2025. The project will be developed under the tariff-based competitive bidding framework. REC Power Development and Consultancy named Ceigall India the L1 bidder with a quoted tariff of about Rs 58.50 crore. The scheme involves establishing a 400/220 kV GIS substation at Velgaon and carries…

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India | Global | News | T&D

POWERGRID acquires SPV for two transmission projects
By October 22, 2025October 28, 2025

Power Grid Corporation of India Limited (POWERGRID) has expanded its interstate transmission portfolio by acquiring two special purpose vehicles (SPVs) through the tariff-based competitive bidding (TBCB) process. POWERGRID acquired Vindhyachal Varanasi Transmission Ltd (VVTL) from PFC Consulting Ltd on October 16, 2025. The SPV, incorporated on April 17, 2025, was set up for a transmission scheme to reduce the loading on the existing 765 kV Vindhyachal–Varanasi double-circuit line. The project involves building a 765 kV…

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Powergrid wins bid for SR–WR interregional transmission project
By October 1, 2025October 28, 2025

Power Grid Corporation of India Limited (POWERGRID) has been declared the successful bidder to develop the “Inter-Regional Strengthening between Southern Region (SR) Grid and Western Region (WR) Grid” project under the Tariff-Based Competitive Bidding (TBCB) framework. The company received the Letter of Intent on 29 September 2025. The project will be implemented on a Build, Own, Operate and Transfer (BOOT) basis. It involves the construction of 765 kilovolt (kV) double-circuit transmission lines spanning Karnataka and…

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India | News | T&D

Powergrid wins Vindhyachal-Varanasi inter-regional transmission project
By September 18, 2025October 28, 2025

Power Grid Corporation of India Limited (POWERGRID) has been awarded the project to develop an inter-state transmission system under the tariff-based competitive bidding (TBCB) process. The Letter of Intent was issued to the company on 16 September 2025. The project, titled “Inter-regional (NR-WR) transmission system strengthening to relieve the loading of 765 kV Vindhyachal-Varanasi D/c line,” will be developed on a Build, Own, Operate and Transfer basis. The estimated cost is Rs 2,368 crore with…

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India | News

PFCCL invites bids for consultancy on SR-ER grid strengthening project
By May 15, 2025May 15, 2025

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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India | News

NCT clears three interregional transmission projects worth Rs 38.4 billion
By May 13, 2025May 13, 2025

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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India | News

PFCCL forms three new SPVs for interstate transmission projects
By April 21, 2025April 21, 2025

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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India | News

PFC Consulting forms SPV for 3 GW renewable power transmission in Gujarat
By December 3, 2024December 3, 2024

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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India | News

PFCCL forms SPV Kurnool-III PS RE Transmission
By December 3, 2024December 8, 2024

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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