ISTS

Reliance Industries formally acquires its first ISTS project

Reliance Industries Ltd has formally acquired project SPV “Lakadia B Power Transmission Ltd,” marking the Mukesh Ambani firm’s entry in the power transmission development space. On February 14, 2025, bid process coordinator REC Power Development & Consultancy Ltd (RECPDCL) Read more

PGCIL set to close FY25 with over 80 per cent growth in capex

Power Grid Corporation of India Ltd (PGCIL) has projected capital expenditure of Rs.23,000 crore in FY25, which would imply a growth of 84 per cent from the actual FY24 level of Rs.12,500 crore. Read more

PGCIL wins Rs.3,500-crore transmission project in Karnataka

Power Grid Corporation of India Ltd (PGCIL) has won an interstate transmission project, valued at around Rs.3,500 crore, in Karnataka. In an investor conference held on February 5, 2025, R.K. Tyagi, Chairman & Managing Director, PGCIL, said that the Read more

Interstate transmission scheme ERGS-I comes up for re-bidding

An interstate transmission system (ISTS) scheme “Eastern Region Generation Scheme – I” or “ERGS-I” has come up for re-bidding. Bid process coordinator PFC Consulting Ltd (PFCCL) recently initiated re-bidding for the ISTS-TBCB scheme Read more

PGCIL begins commercial operations on Sikar TBCB project

Power Grid Corporation of India Ltd (PGCIL) has announced that its TBCB subsidiary “Powergrid Sikar Transmission Ltd” has received notification for commercial operation. In a brief stock exchange filing, PGCIL said that Powergrid Sikar Transmission Ltd received notification for Read more

Four qualify for Ratle-Kiru hydropower evacuation ISTS-TBCB scheme

Four bidders have qualified for opening of price bids for an interstate transmission system (ISTS) scheme involving evacuation infrastructure for upcoming hydropower projects in UT of Jammu & Kashmir. It is reliably learnt that Power Grid Read more

CERC adopts tariff for Navinal Transmission

Central Electricity Regulatory Commission (CERC) has adopted the transmission charges associated with the ISTS-TBCB scheme being developed by Navinal Transmission Ltd, a subsidiary of Adani Energy Solutions Ltd (AESL). In a recent order, CERC approved and adopted the single Read more

Reliance Industries set to make debut in power transmission space

Mukesh Ambani-controlled Reliance Industries Ltd (RIL) is set to make its debut in the power transmission development space. Reliance Industries Ltd has been issued the letter of intent for an interstate transmission system (ISTS) scheme under Read more

Adani Energy Solutions formally acquires India’s first HVDC scheme awarded to private sector under TBCB

Adani Energy Solutions Ltd (AESL), on January 20, 2025, formally acquired “Rajasthan Part I Power Transmission Ltd” from bid process coordinator REC Power Development & Consultancy Ltd (RECPDCL). This is the second HVDC transmission project to be ever Read more

PFCCL transfers two ISTS-TBCB projects to winning developers

Bid process coordinator PFC Consulting Ltd (PFCCL), on January 16, 2025, transferred two project SPVs incorporated for the development of interstate transmission system (ISTS) schemes, to their respective winning bidders. In a stock exchange filing by Power Finance Corporation Read more