Power Grid Corporation of India Ltd (PGCIL) has completed the formal acquisition of two interstate transmission system (ISTS) schemes for which it had recently received the letter of intent.
Bid process coordinator REC Power Development & Consultancy Ltd (RECPDCL) has incorporated two wholly-owned subsidiaries that will act as project special purpose vehicles for as many ISTS-TBCB schemes. Both the schemes are currently under bidding.
Four developers have been shortlisted for development of an ISTS scheme in Rajasthan involving HVDC-based infrastructure. The scheme had come up for re-tendering in August after the original bidding process was annulled.
Tata Power has received the letter of intent for developing an interstate transmission system (ISTS) scheme – ERES XXXIX – in Odisha, under the tariff-based competitive bidding (TBCB) mode. For Tata Power, this would be the third greenfield ISTS-TBCB project.
Central Electricity Regulatory Commission (CERC) has adopted the transmission tariff with respect to the ISTS scheme being developed by Sirohi Transmission Ltd.
Bid process coordinator REC Power Development & Consultancy Ltd (RECPDCL) has incorporated a wholly-owned subsidiary “Banaskantha Transco Ltd” that will act as a special purpose vehicle to develop an interstate transmission system (ISTS) scheme in Gujarat.
REC Power Development & Consultancy Ltd (RECPDCL) has incorporated a project special purpose vehicle for development of an ISTS scheme associated with evacuation of power from the Ratle and Kiru hydropower projects in UT of Jammu & Kashmir.