In a very significant development, all the five project SPVs corresponding to TBCB components of the mega 14-GW RE evacuation scheme in Gujarat were transferred to their respective winning developers on October 12, 2026.
While bid process coordinator PFC Consulting Ltd (PFCCL) transferred three schemes, REC Power Development & Consultancy Ltd (RECPDCL) did so with two.
Power Grid Corporation of India Ltd (PGCIL) was most successful in acquiring three of the five project SPVs while Ceigall India Ltd and AnantGrid Projects One Pvt Ltd acquired one each.
Project Background
The 14-GW RE evacuation plan has three broad components. The first relates to Jam Khambaliya (Phase-II, 5.5 GW) and Jamnagar (Phase-I, 1 GW). The second is associated with Lakadia (Phase-II, 7.5 GW).
The third component will deal with the common transmission system for the two aforementioned components. This component has been divided into three parts – Part A, Part B and Part C.
This gives a total of five components, with each component bid out as an independent ISTS-TBCB scheme. (Learn more)
Mapping of project SPVs
Winner status
The summary of the five project SPVs along with their respective winner is summarized below:
tndindia.com has been extensively covering progress on the 14-GW Gujarat RE evacuation project, and has exclusively reported the winning developers even before formal announcements were made. Here are some relevant stories:
- Flash News: AnantGrid likely to clinch Lakadia-A ISTS-TBCB scheme (7-Aug-26)
- Ceigall India set to enter interstate-TBCB development space (26-Aug-26)
- PGCIL moves closer to winning Lakadia-II ISTS-TBCB scheme (31-Aug-26)
- PGCIL most likely to win Lakadia-C interstate scheme, emerges L1 (17-Sep-26)
- PGCIL most likely to clinch Jam Khambhaliya REZ ISTS-TBCB scheme (19-Aug-26)
Featured photograph shows the formal transfer of “Lakadia II Power Transmission Ltd” from RECPDCL to PGCIL, on October 12, 2026. (Photo: RECPDCL)