interstate TBCB

Three SPVs incorporated for TBCB transmission projects

In independent developments, bid process coordinators REC Power Development & Consultancy Ltd (RECPDCL) and PFC Consulting Ltd (PFCCL), on November 20, 2024, together incorporated three wholly-owned subsidiaries to act as project special purpose vehicles for development of as Read more

Madhya Pradesh deploys TBCB for its fourth intrastate scheme

Bidding has begun for what would be the fourth intrastate transmission system (InSTS) scheme in Madhya Pradesh, being developed under the tariff-based competitive bidding (TBCB) mechanism. Bid process coordinator REC Power Development & Consultancy Ltd (RECPDCL) has commenced the Read more

Historic ISTS-TBCB project formally transferred to PGCIL

Power Grid Corporation of India Ltd (PGCIL) has formally acquired “Khavda V-A Power Transmission Ltd” from bid process coordinator REC Power Development & Consultancy Ltd (RECPDCL) today, November 19, 2024. This project, for which PGCIL was Read more

RECPDCL incorporates two SPVS for ISTS schemes

Bid process coordinator REC Power Development & Consultancy Ltd (RECPDCL) has incorporated two wholly-owned subsidiaries that would act as special purpose vehicles for the development of two ISTS schemes to be awarded under the tariff-based competitive bidding ( Read more

Eventful month for ISTS-TBCB project completions

The month of October 2024 proved very eventful for the ISTS-TBCB landscape with as many as three schemes getting fully commissioned. According to latest statistics released by Central Electricity Authority (CEA), three interstate transmission system (ISTS) schemes awarded under Read more

One new entrant among entities qualified for “Rajasthan 4B” ISTS scheme

One new entrant features in the list of four bidders qualified for opening of initial price bids for an ISTS scheme housed under “Rajasthan IV 4B Power Transmission Ltd.” The new entrant Dineshchandra R. Agrawal Infracon Read more

Tata Power acquires ERES-XXXIX Power Transmission, its third ISTS-TBCB scheme

Tata Power has formally acquired “ERES-XXXIX Power Transmission Ltd” – a project SPV for the development of an ISTS scheme in Odisha – from bid process coordinator REC Power Development & Consultancy Ltd (RECPDCL). This becomes Read more

PGCIL set to win ISTS schemes for hydropower, nuclear energy evacuation

Power Grid Corporation of India Ltd (PGCIL) is set to win two more ISTS scheme under the TBCB modality – one each related to hydropower and nuclear energy evacuation. Addressing an investor conference, R.K. Tyagi, CMD, PGCIL, noted that Read more

Three bidders qualify for “Rajasthan IV 4A” ISTS scheme

Three developers have qualified for opening of initial price bids for an ISTS-TBCB scheme relating to evacuation from renewable energy zones in Rajasthan. It is reliably learnt that the three bidders in question are Power Grid Corporation of India Read more

Two ISTS-TBCB schemes formally transferred to PGCIL

Power Grid Corporation of India Ltd (PGCIL) has completed the formal acquisition of two interstate transmission system (ISTS) schemes for which it had recently received the letter of intent. The project SPVs were acquired from bid Read more