Three special purpose vehicles have newly been incorporated for housing power transmission schemes that will be bid out under the tariff-based competitive bidding (TBCB) mechanism.
While two SPVs – one each for an interstate and intrastate scheme – have been incorporated by bid process coordinator REC Power Development & Consultancy Ltd (RECPDCL), PFC Consulting Ltd (PFCCL) has formed one SPV for an interstate project.
These SPVs have been incorporated as wholly-owned subsidiaries of the respective BPC and will be eventually transferred to the successful bidder selected under the TBCB framework.
Here are broad details:
SPV: Barmer HVDC Power Transmission Ltd
BPC: RECPDCL
Scheme: Interstate (ISTS)
Project: Transmission system for evacuation of power from Rajasthan REZ Ph-IV (Part-5: 6 GW) [Barmer Complex] Barmer-II: 6 GW (Solar) (LCC Configuration)
Project location: Rajasthan, Maharashtra
Project details: Read tndindia.com’s story dated July 4, 2025
Current status: Bidder selection process yet to begin
SPV: Kempegowda Power Transmission Ltd
BPC: RECPDCL
Scheme: Intrastate (ISTS)
Project: Establishment of 400kV Kempegowda Layout in Bengaluru Urban
Project location: Karnataka
Current status: Bidder selection process yet to begin
SPV: South Kalamb Power Transmission Ltd
BPC: PFCCL
Scheme: Interstate (ISTS)
Project: Network expansion scheme for drawal of power at South Kalamb substation: Part A
Project location: Maharashtra
Project details: Read tndindia.com’s story dated September 24, 2025
Current status: Bidder selection process underway
According to information available with tnindia.com, there are currently around seven ISTS-TBCB schemes, which are yet in the planning (pre-bidding) stage, and for whom SPV incorporation is pending. These seven schemes are being managed severally by PFCCL and RECPDCL.
The active bidding pipeline of ISTS-TBCB projects currently stands at nine, including the South Kalamb scheme discussed in this story.
Featured photograph is for representation only