Bid process coordinator PFC Consulting Ltd (PFCCL) has transferred two project special purpose vehicles related to interstate transmission system (ISTS) schemes to Power Grid Corporation of India Ltd (PGCIL) – the winning developer under the tariff-based competitive bidding (TBCB) mechanism.
REC Power Development & Consultancy Ltd (RECPDCL) has announced the incorporation of a wholly-owned subsidiary “Rajasthan IV 4B Power Transmission Ltd” that will act as a project special purpose vehicle (SPV) for development of an interstate transmission system (ISTS) scheme under the tariff-based competitive bidding (TBCB) modality.