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Reliance Industries to acquire Lakadia B Power Transmission for Rs 80 million

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Reliance Industries Limited will acquire a 100% equity stake in Lakadia B Power Transmission from REC Power Development and Consultancy Limited (RECPDCL) for Rs 80 million. The acquisition aims to develop an interstate transmission system (ISTS) to evacuate up to 3.5 GW of renewable energy from Lakadia, Gujarat. The transmission system will be designed to augment the transformation capacity at the 765/400 kV Lakadia substation under Part B of the project. It will integrate 2.5…

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REC PDCL forms SPV for transmission system in Rajgarh, Madhya Pradesh

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REC Power Distribution Company Limited (REC PDCL) incorporated Rajgarh III Power Transmission Limited, a special purpose vehicle (SPV) for the development of the Transmission system for Evacuation of Power from RE Projects in Rajgarh (1500 MW) SEZ in Madhya Pradesh-Phase III on December 24, 2024. REC PDCL has been appointed as the bid process coordinator (BPC) for the selection of a transmission service provider (TSP) for the establishment of the project through tariff based competitive…

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Lack of bidders shifts Bhadla/Bikaner transmission project from TBCB to RTM

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The National Committee on Transmission (NCT) has approved the implementation of “Transmission system strengthening to facilitate evacuation of power from Bhadla/Bikaner complex.” The scheme was initially approved under the TBCB route in the 19th meeting of NCT, but due to the lack of sufficient bidders, the scheme has been de-notified from the TBCB route and will now be executed by POWERGRID. The project, estimated at Rs 19.88 billion, is expected to be completed within 18…

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DRAIPL secures transmission contract for Rajasthan REZ Phase IV evacuation

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Dineshchandra R Agrawal Infracon Private Limited (DRAPL) has been awarded the contract to act as the Transmission Service Provider (TSP) for the Transmission System for evacuation of power from Rajasthan Renewable Energy Zone (REZ) Phase IV (Part 4: 3.5 GW): Part B.  The project will be developed under the Tariff-Based Competitive Bidding (TBCB) process on a Build, Own, Operate, and Transfer (BOOT) basis. REC Power Distribution Company Limited (REC PDCL) was the Bid Process Coordinator…

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Adani Energy acquires Pune-III Transmission for Khavda project

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Adani Energy Solutions Limited (AESL) acquired Pune-III Transmission Limited, a special purpose vehicle (SPV) for development of the Transmission System for Evacuation of Power from potential renewable energy zone in Khavda area of Gujarat under Phase-IV (7GW): Part D on November 19, 2024. PFC Consulting Limited (PFCCL) served as the bid process coordinator (BPC) for selection of transmission service provider (TSP) for establishment of the project through tariff based competitive bidding (TBCB) mode process on…

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Georgia Power secures $160 million DOE grant for grid enhancement

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Georgia Power has received $160 million from the US Department of Energy (DOE) under the Grid Resilience and Innovation Partnerships (GRIP) programme to enhance the resilience and efficiency of Georgia’s power grid.  This funding, part of the Bipartisan Infrastructure Law, aims to lower investment costs for customers and boost grid flexibility, ensuring communities have reliable and affordable electricity. The grant will support various projects across Georgia, aiding the state’s transition to cleaner energy and the…