Power Finance Corporation Ltd (PFC) has transferred its subsidiary, Angul Sundargarh Transmission Ltd, to HG Infra Engineering Ltd. Angul Sundargarh Transmission Ltd is a special purpose vehicle (SPV) for the Eastern Region Generation Scheme-I (ERGS-I), a central transmission project. The handover was completed on July 28, 2025, under a signed Share Purchase Agreement. The selection…
Eight firms have been shortlisted as technically qualified for the selection of transmission service provider (TSP) through tariff-based competitive bidding (TBCB) for the ‘Transmission System for evacuation of RE power from Raghanesda area of Gujarat – 3GW under Phase-I’.  The shortlisted bidders are Power Grid Corporation of India Limited (PGCIL), Adani Energy Solutions Limited (AESL),…
The Ministry of Power has revised the Standard Bidding Documents (SBDs) for the procurement of Inter-State Transmission Services under the Tariff-Based Competitive Bidding (TBCB) framework. The amendments, which took effect on 5th June 2025, expand the financial instruments that developers can use to meet bid security and performance guarantee requirements.  These changes were driven by…
PFC Consulting Limited (PFCCL) has invited Request for Proposal (RfP) bids to select a transmission service provider (TSP) for a key power transmission project in Andhra Pradesh. The bidding will follow a tariff-based competitive bidding (TBCB) route under a build, own, operate, and transfer (BOOT) model. Bids can be submitted until July 5, 2025. PFCCL…