The first quarter (Q1: April to June) of FY27 saw six ISTS-TBCB schemes formally transferred to their winning developers. PGCIL led the market in terms of both number of schemes and tariff-based market share.
Power Grid Corporation of India Ltd (PGCIL) has received letters of intent for development of two interstate transmission system (ISTS) schemes for which it emerged as winning developer under the tariff-based competitive bidding (TBCB) mechanism.
Linxon has been awarded a project to renew the 400kV Breared substation in Sweden, a project that will reinforce Sweden’s transmission grid and enable greater power transfer capacity to support growing demand.
REC Ltd has signed two memoranda of understanding with the Government of Tripura to support power and renewable energy projects worth Rs.15,000 crore.
Havells India Ltd has announced a strategic collaboration with Pixii AS, a Norway-based energy storage technology company, to develop and introduce advanced battery energy storage systems (BESS) for the Indian market.