Posts by Venugopal Pillai

PGCIL wins India’s first pure SynCon project under TBCB

Power Grid Corporation of India Ltd (PGCIL) has won India’s first ISTS-TBCB scheme purely dedicated to installation of synchronous condensers (SynCon). In a brief regulatory filing, PGCIL said that it has been selected as the winning developer for the Read more

PFC Consulting incorporates SPV for under-bidding Satara interstate scheme

Bid process coordinator PFC Consulting Ltd (PFCCL) has newly incorporated a wholly-owned subsidiary for development of the Satara interstate-TBCB scheme, currently under bidding. In a stock exchange filing by Power Finance Corporation Ltd (PFC), the holding Read more

Four in the fray for India’s first SynCon scheme under TBCB

Four bidders have qualified for opening of initial price bids for developing India’s first TBCB scheme purely dedicated to installation of synchronous condensers (SynCon). Bid process coordinator PFC Consulting Ltd (PFCCL) has shortlisted the following four Read more

Adani Energy set to win its first ISTS-TBCB project of FY27

Adani Energy Solutions Ltd (AESL) is set to win its first ISTS-TBCB scheme of the current fiscal year. According to a reliable source, Adani Energy Solutions Ltd (AESL) has emerged as the L1 bidder for an interstate transmission system Read more

ISTS-TBCB market in Q1FY27: Six schemes transferred, PGCIL leads

The first quarter (Q1: April to June) of FY27 saw six ISTS-TBCB schemes formally transferred to their winning developers. PGCIL led the market in terms of both number of schemes and tariff-based market share. According to an exclusive study Read more

Exemption from procurement guidelines granted to four Chinese electrical equipment manufacturers

The Union finance ministry, through its Department of Expenditure, has granted exemptions to four Indian subsidiaries of Chinese electrical equipment manufacturers, with respect to public procurement policies. This exemption was granted in response to a request from the Union Read more

Apraava Energy, DRAIPL eyeing intrastate transmission space

Established players in the interstate transmission system (ISTS) development space – Apraava Energy and Dineshchandra R. Agrawal Infracon Pvt Ltd (DRAIPL) — are now seen expressing interest in the intrastate counterpart. These two entities feature among the shortlisted bidders Read more

PGCIL moving closer to acquiring Krishnagiri interstate transmission scheme

Power Grid Corporation of India Ltd (PGCIL) is seen moving closer to acquiring the Krishnagiri REZ interstate transmission system (ISTS) scheme under TBCB, making it an important acquisition in terms of transmission tariff. It is reliably learnt that PGCIL Read more

Krishnagiri interstate scheme: Five qualified for price bid opening

Five bidders have been shortlisted for opening of initial price bids with respect to the Krishnagiri REZ interstate transmission system (ISTS) scheme. Bid process coordinator PFC Consulting Ltd (PFCCL) has qualified five bidders, on the basis of their technical Read more

PGCIL set to clinch Bhadla-Ramgarh ISTS-TBCB scheme

Power Grid Corporation of India Ltd (PGCIL) is set to clinch the ISTS-TBCB scheme housed under “Bhadla Ramgarh Power Transmission Ltd,” getting the better of four other contenders. According to a reliable industry source, PGCIL has emerged L1 bidder Read more