Four special purpose vehicles (SPVs) associated with power transmission projects changed ownership between May 29 and May 30, 2026, under the tariff-based competitive bidding (TBCB) framework. Power Grid Corporation of India Limited (POWERGRID) acquired Tumkur II RE Transmission Limited (TRETL) from PFC Consulting Limited, a wholly owned subsidiary of PFC, on May 29, 2026, for…
The Ministry of Power has decided to abolish the requirement for Power and Telecommunication Coordination Committee (PTCC) clearance for new transmission line projects, with effect from July 1, 2026. The decision follows a high-level meeting chaired by the Secretary (Power), where stakeholders reviewed delays linked to the PTCC process. The meeting included participation from the…
Power Finance Corporation’s wholly owned subsidiary, PFC Consulting Limited, has incorporated four special purpose vehicles (SPVs) to develop high-voltage transmission infrastructure in Rajasthan and Karnataka, the state-owned lender disclosed to stock exchanges on Monday. Two SPVs, Babai Transmission Limited and Bikaner Transmission Limited, will develop transmission systems for 765 kV grid substations at Babai and…