Power Grid Corporation of India Ltd (PGCIL) has announced that its TBCB subsidiary “Powergrid Sikar Transmission Ltd” has received notification for commercial operation.
Adani Energy Solutions Ltd (AESL), on January 20, 2025, formally acquired “Rajasthan Part I Power Transmission Ltd” from bid process coordinator REC Power Development & Consultancy Ltd (RECPDCL). This is the second HVDC transmission project to be ever awarded under the tariff-based competitive bidding (TBCB) route, and the first such awarded to a private sector entity.