Power Grid Corporation of India Ltd (PGCIL) said that it has received the letter of intent for the Jam Khambhaliya augmentation scheme, under the tariff-based competitive bidding (TBCB) route.
In a brief stock exchange filing, PGCIL said that it has been declared as the successful bidder under TBCB to establish interstate transmission system for “Augmentation of transformation capacity at Jam Khambhaliya PS (GIS)” on build, own operate and transfer (BOOT) basis.
The letter of intent (LoI) was received by PGCIL on September 12, 2024, the filing said.
As already reported by T&D India on September 9, 2024, PGCIL was in the final race for this project with the only other contender Adani Energy Solutions Ltd.
Estimated to cost around Rs.310 crore, this ISTS scheme aims at augmentation of transformation capacity of the existing Jam Khambhaliya GIS Pooling Station (PS) in Gujarat. Among several other elements, this scheme will augment capacity at the said PS by addition of four 1×500 MVA, 400/220kV ICTs, taking the total number of such ICTs at the Jam Khambhaliya PS to nine. The tentative overall completion period of the scheme is 21 months with some elements scheduled to commission in 18 months.
The project aims to support enhanced renewable energy injection from solar and wind farms in the Dwarka and other RE-rich regions of Gujarat into the Jam Khambhaliya Pooling Station, which was originally built by Adani Energy Solutions Ltd under a separate ISTS scheme.
More schemes in the pipeline
According to an analysis made by T&D India, the Jam Khambhaliya augmentation scheme housed under Jam Khambhaliya Transmission Ltd is the third ISTS-TBCB scheme that PGCIL has won but for which the formal transfer of SPV by the bid process coordinator is pending. The other two schemes are “South Olpad Transmission Ltd” and “Khavda PS1 and 3 Transmission Ltd.” The bid process coordinator for each of the three schemes is PFC Consulting Ltd (PFCCL).
In FY25 so far, PGCIL has won the following seven ISTS-TBCB projects and for which the formal SPV transfer has taken place:
- Khavda IV-E2 Power Transmission Ltd
- Rajasthan IV C Power Transmission Ltd
- Rajasthan IV E Power Transmission Ltd
- Sirohi Transmission Ltd
- Beawar-Mandsaur Transmission Ltd
- Bhadla-III Power Transmission Ltd
- Bhadla-III & Bikaner-III Transmission Ltd
Editor’s note: The names of the seven SPVs are those given at the time of incorporation by the respective BPCs. PGCIL is known to rename its TBCB subsidiaries, usually by prefixing “Powergrid” to the original SPV name. However, there is no formal communication yet available with T&D India regarding the new names of these seven subsidiaries.
Featured photograph showing PGCIL’s GIS subtation at Kanpur in Uttar Pradesh is for representation only.
