TBCB
PGCIL acquires Ramgarh New Transmission Ltd
- Mar 10, 2021
Power Grid Corporation India Ltd (PGCIL) has acquired Ramgarh New Transmission Ltd (RNTL), the project SPV for a transmission scheme for which PGCIL had emerged as the successful bidder under the tariff-based competitive bidding (TBCB) mechanism. The SPV was Read more
TBCB Report Card for CY2020: Zero additions, four completions
- Feb 25, 2021
Not a single power transmission project, under the tariff-based competitive bidding (TBCB) route, was awarded during calendar year 2020, according to latest statistics released by Central Electricity Authority (CEA). What was widely speculated and discussed was confirmed by newly-released Read more
PGCIL wins one more TBCB project for Rajasthan solar power evacuation
- Feb 3, 2021
Power Grid Corporation of India (PGCIL) has been declared as the successful bidder for a transmission scheme involving evacuation from solar energy zones in Rajasthan. This is in addition to two similar projects that the Central PSU won Read more
PGCIL wins two TBCB projects, both for green energy evacuation
- Jan 30, 2021
Power Grid Corporation of India (PGCIL) has been declared as the successful bidder for two transmission schemes, under the tariff-based competitive bidding (TBCB) mode. In a stock exchange filing, PGCIL said both the projects involve evacuation of power from Read more
Early completion envisaged for Udupi-Kasargode Transmission Scheme
- Oct 24, 2020
The 400kV Udupi-Kasargode transmission system being developed by Sterlite Power, under tariff-based competitive bidding (TBCB) mode, is envisaged for completion by March 2022, which will be eight months ahead of schedule. EPC contracts for major project elements have Read more
Sterlite Power achieves financial closure for Vapi-North Lakhimpur Project
- Oct 21, 2020
Sterlite Power has achieved financial closure for its Vapi II North Lakhimpur Transmission Ltd (VNLTL) project, the company said in a release. The financial closure was achieved with Sterlite Power securing the debt funding of Rs.2070 crore from PFC Read more
No movement in TBCB projects in Q1FY21
- Aug 10, 2020
There has been no movement – in terms of projects awarded or completed — in the TBCB-based power transmission landscape, during the first quarter of the current fiscal year. The nationwide lockdown and the general disruption has had an Read more
Sterlite Power Acquires Vapi-II North Lakhimpur Transmission Ltd from PFC
- Jun 27, 2020
Sterlite Power has announced the acquisition of Vapi II North Lakhimpur Transmission Ltd (VNLTL), a special purpose vehicle from PFC Consulting Ltd. WRSS-XIX and NERSS-IX will serve the growing power needs of Mumbai region, and improve renewable power availability Read more
Adani wins Maharashtra transmission line in TBCB mode
- Jun 27, 2020
Adani Transmission Ltd has signed a share purchase agreement and completed the acquisition of the special purpose vehicle Kharghar Vikhroli Transmission Pvt Ltd (KVTPL), incorporated by Maharashtra State Electricity Transmission Company Ltd. This project is critical to Mumbai as Read more
REC approves seven SPVs for power transmission projects
- Apr 15, 2020
The Board of Directors of REC Ltd in its meeting held on March 25, 2020 inter-alia approved the proposal for incorporation of seven project specific special purpose vehicles (SPVs). These SPVs will be incorporated as wholly-owned subsidiaries of REC Read more