Bid process coordinator REC Power Development & Consultancy Ltd (RECPDCL), on August 19, 2024, formally handed over two project special purpose vehicles associated with as many ISTS-TBCB schemes to Power Grid Corporation of India Ltd (PGCIL), the successful bidder.
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.
India Grid Trust (IndiGrid) announced that it has partnered with British International Investment (BII), Norwegian Climate Investment Fund and Techno Electric & Engineering Company Ltd, to collaboratively undertake development of IndiGrid’s greenfield interstate transmission system (ISTS) projects.