RECPDCL

PGCIL acquires two more ISTS-TBCB schemes, takes FY25 tally to 20

Power Grid Corporation of India Ltd (PGCIL) has formally acquired two more project SPVs related to ISTS-TBCB schemes, taking its total tally in FY25 so far to twenty. On February 18, 2025, bid process coordinator REC Power Development & Read more

PGCIL begins commercial operations on Sikar TBCB project

Power Grid Corporation of India Ltd (PGCIL) has announced that its TBCB subsidiary “Powergrid Sikar Transmission Ltd” has received notification for commercial operation. In a brief stock exchange filing, PGCIL said that Powergrid Sikar Transmission Ltd received notification for Read more

Four qualify for Ratle-Kiru hydropower evacuation ISTS-TBCB scheme

Four bidders have qualified for opening of price bids for an interstate transmission system (ISTS) scheme involving evacuation infrastructure for upcoming hydropower projects in UT of Jammu & Kashmir. It is reliably learnt that Power Grid Read more

Reliance Industries set to make debut in power transmission space

Mukesh Ambani-controlled Reliance Industries Ltd (RIL) is set to make its debut in the power transmission development space. Reliance Industries Ltd has been issued the letter of intent for an interstate transmission system (ISTS) scheme under Read more

Adani Energy Solutions formally acquires India’s first HVDC scheme awarded to private sector under TBCB

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 Read more

CERC grants trading licence to RECPDCL

Central Electricity Regulatory Commission (CERC) has granted interstate trading licence to REC Power Development & Consultancy Ltd (RECPDCL), a wholly-owned subsidiary of REC Ltd. In a very recent order, CERC has issued RECPDCL, “Category I” licence Read more

PGCIL receives letter of intent for two ISTS-TBCB schemes

Power Grid Corporation of India Ltd (PGCIL) has been named successful bidder for two interstate transmission system (ISTS) schemes, under the tariff-based competitive bidding (TBCB) mode. In a stock exchange filing, PGCIL said that it has Read more

PGCIL, Megha Engineering in the fray for Bidar ISTS scheme in Karnataka

Only two contenders – Power Grid Corporation of India Ltd (PGCIL) and Megha Engineering & Infrastructures Ltd (MEIL) – are in the fray for the Bidar pooling station augmentation scheme in Karnataka. It is reliably learnt that PGCIL and Read more

CERC grants transmission licence to Khavda IV-A Power Transmission

Central Electricity Regulatory Commission (CERC) has granted transmission licence to Khavda IV A Power Transmission Ltd, a TBCB-subsidiary of Adani Energy Solutions Ltd (AESL). In its recent order, CERC granted transmission licence that will remain in Read more

RECPDCL formally transfers “Rajasthan IV 4B Power Transmission” to DRAIPL

Bid process coordinator REC Power Development & Consultancy Ltd (RECPDCL) has formally transferred project SPV “Rajasthan IV 4B Power Transmission Ltd” to the winning developer Dineshchandra R. Agarwal Infracon Pvt Ltd (DRAIPL). DRAIPL emerged as the successful bidder under Read more