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It was indeed a momentous month for the ISTS-TBCB market with as many as seven schemes getting fully commissioned in December 2025 alone.
Haryana, the first state to have deployed the public private partnership (PPP) model in intrastate power transmission way back in 2010, is now adopting the tariff-based competitive bidding (TBCB) framework for expanding its intrastate grid.
The ISTS-TBCB market in the first nine months (9M: April to December) of FY26 saw 12 schemes being formally awarded to seven winning developers. Adani Energy Solutions Ltd (AESL) was a clear leader in terms of tariff-based market share.