PFC Consulting Ltd (PFCCL) has extended the timeline for submission of RfP (technical and financial) for four ISTS schemes being developed under the TBCB mode, all related to evacuation of renewable energy from Rajasthan.
The four interstate schemes are components of a mega transmission scheme officially termed as “Transmission system for evacuation of power from Rajasthan REZ Ph-IV (Part-1: Bikaner Complex)”. The four schemes are suffixed as Part A, B, C and D, respectively.
According to information available with T&D India, the RfP submission date has been extended by around a month and now stands between July 10, 2023 and July 13, 2023, for the four schemes.
Meanwhile, PFCCL has newly incorporated project special purpose vehicles for two of the four schemes – Part B and Part C. The project SPVs, currently wholly-owned subsidiaries of PFCCL, will be transferred to the developer selected under the tariff-based competitive bidding (TBCB) mechanism. The two project SPVs are:
- Neemrana II Kotputli Transmission Ltd (for Part B)
- Bikaner III Neemrana II Transmission Ltd (for Part C)
Project rationale
It is expected that by 2030, new renewable energy capacity worth 75 GW would come up in Rajasthan. This would include 60 GW from solar and 15 GW from wind. The project discussed in this story would form part of the overall evacuation infrastructure planned for this 75 GW of RE evacuation.
Specifically, evacuation system for 7.7 GW of RE capacity would be required from the “Bikaner Complex” that includes two areas denoted as Bikaner-II and Bikaner-III. This project is officially termed as “Transmission system for evacuation of power from Rajasthan REZ Ph-IV (Part-1: Bikaner Complex)”.
Bikaner-II would include 3.7 GW of solar capacity while Bikaner-III would cover 7 GW of solar capacity and 3 GW of BESS. [The net evacuation from Bikaner-III would therefore be 7 GW – 3 GW = 4 GW. That for Bikaner-II is 3.7 GW, giving a total of 7.7 GW from the Bikaner Complex.]
Project Cost
The overall project covered by “Transmission system for evacuation of power from Rajasthan REZ Ph-IV (Part-1: Bikaner Complex)” is estimated to be Rs.13,460 crore. As this was considered too big a project to be developed as a single scheme, it was decided to fragment the project. Accordingly, five project segments– Part A (project cost: Rs. 4,741 crore); Part B (Rs.1,876 crore); Part C (Rs.3,204 crore); Part D (Rs.3,271 crore) and Part E (Rs.368 crore) – were made.
The first four parts will be developed under the TBCB mode with a gestation period of 24 months while the fifth part (Part E) is being developed by PGCIL under the regulated tariff mechanism (RTM) route with an envisaged completion period of 18 months.
Also read: PFCCL Incorporates Two SPVs For Interstate Transmission Schemes
BPC
PFC Consulting Ltd (PFCCL), a wholly-owned subsidiary of Power Finance Corporation (PFC), is acting as the bid process coordinator for all the four TBCB components of the overall project, viz:
- “Transmission system for evacuation of power from Rajasthan REZ Ph-IV (Part-1: Bikaner Complex) Part-A”
- “Transmission system for evacuation of power from Rajasthan REZ Ph-IV (Part-1: Bikaner Complex) Part-B”
- “Transmission system for evacuation of power from Rajasthan REZ Ph-IV (Part-1: Bikaner Complex) Part-C”
- “Transmission system for evacuation of power from Rajasthan REZ Ph-IV (Part-1: Bikaner Complex) Part-D”
Featured photograph is for representation only
