Hectic activity was seen in the interstate transmission system (ISTS) development space during the first half (H1: April to September) of FY25, with a record number of schemes awarded under the tariff-based competitive bidding (TBCB) route.
Bid process coordinator REC Power Development & Consultancy Ltd (RECPDCL), on October 15, 2024, formally handed over the project SPV “Rajasthan IV H1 Power Transmission Ltd” to successful bidder Power Grid Corporation of India Ltd (PGCIL), under the tariff-based competitive bidding (TBCB) route.
Vertiv announced a major expansion of its North American manufacturing operations with a new facility in Pelzer, South Carolina.