Two ISTS schemes for renewable energy evacuation from Madhya Pradesh, which will be awarded under the TBCB modality, were recently approved by National Committee on Transmission.
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 many transmission schemes under the tariff-based competitive bidding (TBCB) route.