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Power ministry relaxes location norms for load-serving substations under ISTS

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The power ministry has relaxed siting norms for load-serving substations under interstate transmission system (ISTS) schemes built through the tariff-based competitive bidding (TBCB) route. The revised norms apply to new substations—such as switching stations or HVDC terminals—developed by transmission service providers (TSPs). The change follows industry representations and is now reflected in the amended standard bidding documents (SBD), including the request for proposal (RfP) and transmission service agreement (TSA). Under the updated rule: Generation pooling…

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Powergrid to raise Rs 60 billion via 10-year bonds

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Power Grid Corporation of India Limited (Powergrid) has received approval to raise up to Rs 60 billion through its 81st bond issue via private placement.  The decision was cleared by the company’s Committee of Directors for Bonds on April 4, 2025. The bonds—named POWERGRID Bonds–LXXXI (81st Issue) 2025–26—will be unsecured, non-convertible, non-cumulative, redeemable, and taxable. The total issue includes a base size of Rs 15 billion and a green shoe option of Rs 45 billion,…

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PFCCL incorporates two SPVs for transmission projects in Maharashtra

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PFC Consulting Limited (PFCCL) has incorporated two special purpose vehicles (SPVs) for the development of transmission projects in Maharashtra. The SPVs were established on March 21, 2025, to facilitate network expansion for renewable energy evacuation and power supply to data centers. SPVs incorporated: NES Dharashiv Transmission Limited – For the Network Expansion scheme in Maharashtra for evacuation of renewable energy power from Dharashiv, Beed District. NES Navi Mumbai Transmission Limited – For the Network Expansion…

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PGCIL acquires two SPVs for transmission projects in Karnataka and Rajasthan

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Power Grid Corporation of India Limited (PGCIL) has acquired two special purpose vehicles (SPVs) to implement key transmission projects in Karnataka and Rajasthan.  The two SPVs are: Chitradurga Bellary REZ Transmission Limited – Responsible for “Transmission Scheme for integration of Davanagere / Chitradurga and Bellary REZ in Karnataka.” Fatehgarh II And Barmer I PS Transmission Limited – Responsible for “Augmentation at Fatehgarh-II PS, Fatehgarh-IV PS (Section II) and Barmer-I PS.” The acquisition, completed on March…

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PFCCL and REC PDCL invite bids for transmission projects in Madhya Pradesh and Maharashtra

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PFC Consulting Limited (PFCCL) has invited Request for Proposal (RfP) bids for the selection of a transmission service provider (TSP) through a tariff-based competitive bidding (TBCB) process on a build, own, operate, and transfer (BOOT) basis for the Augmentation of transformation capacity & Implementation of line bays at Mandsaur S/s for RE Interconnection. The bidding process commenced on March 11, 2025, with the last date for submissions set for May 16, 2025. PFCCL has been…

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Power Grid approves Rs 3.41 billion for two transmission projects

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The Committee of Directors (CoD) on investment of projects at Power Grid Corporation of India Limited (PGCIL) has approved two major transmission projects, with a total investment of Rs 3.41 billion. The approval was granted on March 13, 2025. The first project “Transmission scheme for evacuation of power from Ratle HEP (850 MW) & Kiru HEP (624 MW): Part-B in Jammu & Kashmir” is divided into two parts: Part I: Estimated cost of Rs 1.77…

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Tractebel Engineering secures IE contracts for six transmission projects

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Tractebel Engineering Private Limited has secured contracts in six packages for independent engineering (IE) services in six transmission projects.  The contracts, awarded through bids invited by Central Transmission Utility India Limited (CTUIL) in December 2024, amount to a total of Rs 59.6 million. The awarded contract amounts are as follows – Rs 9.7 million for the Transmission system strengthening for interconnections of Bhadla-III & Bikaner-III complex. Rs 6.03 million for the Provision of Dynamic Reactive…

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PFCCL transfers two SPVs for transmission projects

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PFC Consulting Ltd (PFCCL) has transferred two project Special Purpose Vehicles (SPVs) to their respective winning bidders for the development of interstate transmission system (ISTS) schemes. The SPVs transferred are: Gadag II & Koppal II Transmission Ltd to Power Grid Corporation of India Ltd Bijapur REZ Transmission Ltd to G R Infraprojects Ltd Both SPVs, originally wholly-owned subsidiaries of PFCCL, will now be under the ownership of the winning developers chosen through the tariff-based competitive…

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PFCCL invites bids for transmission projects in Jammu & Kashmir

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PFC Consulting Limited (PFCCL) has invited Request for Proposal (RFP) bids for selecting transmission service providers (TSPs) through the tariff-based competitive bidding (TBCB) process.  The bids are for three transmission projects on a build, own, operate, and transfer (BOOT) basis. The submission deadline is February 28, 2025. The projects include: Construction of grid substations at Wahipora and Sallar in Kashmir and the allied transmission system. Development of a downstream transmission network from the upcoming 400/220…

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PFCCL incorporates SPV for Fatehgarh and Barmer transmission projects

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PFC Consulting Limited (PFCCL) has incorporated Fatehgarh II And Barmer I PS Transmission Limited, a special purpose vehicle (SPV), for the augmentation at Fatehgarh-II PS, Fatehgarh-IV PS (Section-II), and Barmer-I PS. The incorporation was completed on December 30, 2024. PFCCL is serving as the bid process coordinator (BPC) to select a transmission service provider (TSP) for the project’s establishment through the tariff-based competitive bidding (TBCB) process.