Bid process coordinator REC Power Development & Consultancy Ltd (RECPDCL) has transferred to project special purpose vehicles (SPV) for the development of as many interstate transmission system (ISTS) projects to their winning developers – Adani Energy Solutions Ltd (AESL) and Sterlite Power, respectively – selected under the tariff-based competitive bidding (TBCB) mechanism.
Bid process coordinator PFC Consulting Ltd (PFCCL) has transferred two project special purpose vehicles related to interstate transmission system (ISTS) schemes to Power Grid Corporation of India Ltd (PGCIL) – the winning developer under the tariff-based competitive bidding (TBCB) mechanism.