Three interstate transmission system (ISTS) schemes awarded under the tariff-based competitive bidding (TBCB) framework were fully commissioned in the first quarter (Q1: April to June) of current fiscal year FY26.
Here is an exclusive T&D India study attempting to understand the impact of e-reverse auction on tariffs as evinced in a sample of 25 recent interstate transmission system (ISTS) schemes.
After a hectic FY25 when a record 45 schemes were formally awarded, the ISTS-TBCB market has taken a breather this fiscal with just two schemes transferred to winning developers in the first quarter.
Power Grid Corporation of India Ltd (PGCIL) is expected to soon commission as many as five interstate transmission system (ISTS) schemes that it was awarded under the tariff-based competitive bidding (TBCB) route.
Ongoing fiscal year FY26 appears to have got off to a good start as far as substation capacity addition goes.
Power Grid Corporation of India Ltd (PGCIL) has targeted capital expenditure of over Rs.1 trillion during the next three years.
Official statistics suggest that over 3,000 ckm of interstate transmission system (ISTS) transmission lines are currently under construction, through projects awarded under the tariff-based competitive bidding (TBCB) mechanism.
Fiscal year FY25 that ended on March 31, 2025, saw hectic activity in the ISTS-TBCB space with as many as 45 schemes getting formally transferred to their winning developers.
Significant transformation capacity addition was seen in April 2025, the opening month of the ongoing fiscal year FY26 with Power Grid Corporation of India Ltd (PGCIL) and Adani Energy Solutions Ltd (AESL) making important contributions.
Interregional electricity transfer recorded a modest year-on-year growth of 4.2 per cent during FY25 (April 1, 2024 to March 31, 2025).