TBCB projects

India | News | Renewable Energy

Renewable energy projects awarded via TBCB qualify as PPP projects, SEBI clarifies
By June 1, 2026June 1, 2026

The Securities and Exchange Board of India (SEBI) has clarified that renewable energy projects awarded through tariff-based competitive bidding (TBCB) or other open competitive bidding mechanisms to special purpose vehicles (SPVs) of infrastructure investment trusts (InvITs) will be treated as Public-Private Partnership (PPP) projects under the SEBI (Infrastructure Investment Trusts) Regulations, 2014. The clarification was…

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India | News | T&D

I Squared Capital launches $1 billion India transmission platform
By May 21, 2026May 21, 2026

I Squared Capital has launched Cube Grid, a $1 billion platform focused on investing in India’s power transmission sector. The Miami-headquartered firm said the platform will build and acquire transmission infrastructure assets to support rising electricity demand and grid expansion requirements in India. I Squared Capital has signed definitive agreements for seed assets comprising more…

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India | News | T&D

PFCCL sets up five SPVs for REZ-linked transmission projects
By May 4, 2026May 4, 2026

PFC Consulting Limited (PFCCL), a wholly owned subsidiary of Power Finance Corporation Limited (PFC), has incorporated five Special Purpose Vehicles (SPVs) to undertake preparatory work for Independent Transmission Projects (ITPs) across multiple states, focused on evacuating power from Renewable Energy Zones (REZ). The move follows PFCCL’s appointment as Bid Process Coordinator (BPC) by the Ministry…

Read More PFCCL sets up five SPVs for REZ-linked transmission projects
India | News | T&D

REC transfers two Maharashtra transmission SPVs
By January 12, 2026January 12, 2026

REC Power Development and Consultancy Limited (RECPDCL) has transferred its entire shareholding in two project-specific special purpose vehicles (SPVs), Velgaon Power Transmission Limited and Jejuri Hinjewadi Power Transmission Limited, to successful bidders selected through a tariff-based competitive bidding (TBCB) process. The divestments were completed through separate Share Purchase Agreements signed on 9 January 2026. Jejuri…

Read More REC transfers two Maharashtra transmission SPVs
India | News

GE Vernova wins PGCIL contract for EHV transformers and reactors
By May 5, 2025May 5, 2025

GE Vernova T&D India Limited has secured a major contract from Power Grid Corporation of India Limited (PGCIL). Announced on May 1, 2025, the contract covers the supply of over 70 extra high voltage (EHV) transformers and shunt reactors. The scope includes supply, erection, testing, and commissioning of equipment across various transmission projects. These projects…

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India | News

Power Grid acquires Khavda V-A transmission project
By November 20, 2024November 20, 2024

Power Grid Corporation of India Ltd (PGCIL) acquired “Khavda V-A Power Transmission Ltd” from REC Power Development & Consultancy Ltd (RECPDCL) on November 19, 2024. This project, valued at Rs 250 billion, is the largest interstate transmission system (ISTS) scheme awarded under the tariff-based competitive bidding (TBCB) mechanism. The project is India’s first TBCB-awarded transmission…

Read More Power Grid acquires Khavda V-A transmission project