PFC Consulting Ltd (PFCCL) has recently incorporated two special purpose vehicles for the development of as many interstate transmission system (ISTS) schemes, the developers for which will be selected under the tariff-based competitive bidding (TBCB) route.
In recent stock exchange filings, PFCCL said two project SPVs, with the following details, have been formed:
Name of SPV: Bhadla-III & Bikaner-III Transmission Ltd
Date of incorporation: February 6, 2024
ISTS Scheme: Transmission system strengthening for interconnections of Bhadla-III & Bikaner-III Complex
Location of scheme: Rajasthan
Name of SPV: Jamnagar Transmission Ltd
Date of incorporation: February 7, 2024
ISTS Scheme: Network expansion scheme in Gujarat for drawl of about 3.6 GW load under Phase-I in Jamnagar area
Location of scheme: Gujarat
For both the schemes, PFCCL, as the bid process coordinator, is currently undertaking the bidder selection process. The project SPVs, currently wholly-owned subsidiaries of PFCCL, will be transferred to the respective successful bidders, selected under the TBCB mechanism. The combined envisaged investment in these two schemes is estimated at over Rs.5,000 crore.
According to information available with T&D India, PFCCL was scheduled to conduct pre-bid meetings with bidders for both the schemes in January 2024. However, the meetings have since been rescheduled.
Project Scope
The Bhadla-III & Bikaner-III scheme aims to optimally use the EHVAC transmission system beyond Bikaner-III pooling station in Rajasthan, whilst also providing flexibility of power transfer from the renewable energy clusters in Bhadla and Bikaner in Rajasthan. The scheme mainly involves setting up of a 765kV double-circuit between Bhadla-III PS and Bikaner-III PS in Rajasthan (route length: 150km), along with 240 MVAr switchable line reactor for each circuit at the Bhadla-III end. The project, estimated to cost Rs.1,382 crore, has an implementation period of 24 months.
The Jamnagar transmission scheme, with an estimated outlay of Rs.3,815 crore, broadly aims at handling drawl of more than 1,200 mw through the existing 400kV double-circuit Jam Khambhaliya – Lakadia line in Gujarat. This mega scheme involves several elements such as: a new 765/400kV GIS pooling station at Jamnagar through LILO of 400kV Lakadia-Jam Khambhaliya double-circuit line; a 765kV double-circuit line from Halvad to Jamnagar (route length: 170 km), etc. This ISTS scheme, with a gestation period of 24 months, will eventually help in catering to drawl of up to 3.6 GW load in Jamnagar area of Gujarat.
Also read: PFCCL Shortlists Five AMISP Bidders Under RDSS
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