Bid process coordinator REC Power Development & Consultancy Ltd (RECPDCL) has formally transferred the project special purpose vehicles (SPVs) of two intrastate transmission system (InSTS) schemes to their respective winning developers. Both the InSTS schemes are Read more
The number of technically-qualified bidders for the re-bid Ryapte intrastate scheme in Karnataka has dropped to three as against five in the original bidding round that was rescinded. Notably, PGCIL has refrained from bidding. It is reliably learnt that Read more
Bid process coordinator PFC Consulting Ltd has newly incorporated four wholly-owned subsidiaries that will act as special purpose vehicles (SPVs) for the development of as many intrastate transmission system (InSTS) schemes, the developer of which Read more
Resonia Ltd has received the letter of intent for developing the Hampapura intrastate transmission system (InSTS) scheme in Karnataka, under the tariff-based competitive bidding (TBCB) framework. According to a company release, bid process coordinator REC Power Development & Consultancy Read more
Power Grid Corporation of India Ltd (PGCIL) has received the letter of intent for developing an interstate transmission system (ISTS) scheme in Karnataka, under the tariff-based competitive bidding (TBCB) mode. In a brief stock exchange filing, Read more
Dilip Buildcon Ltd has received the letter of intent from bid process coordinator REC Power Development & Consultancy Ltd (RECPDCL) for an intrastate-TBCB scheme in Karnataka, housed under “Mekhali Power Transmission Ltd.” As reported Read more
Jyoti Structures Ltd has announced the successful completion and commissioning of the 400kV Gadag–II transmission line project in Karnataka, for ReNew Power. The project comprises 100 ckm of twin HTLS transmission lines connecting Read more
Power Grid Corporation of India Ltd (PGCIL) has acquired “Bellary Davanagere Transmission Ltd” from bid process coordinator REC Power Development & Consultancy Ltd (RECPDCL). This is PGCIL’s seventh formal acquisition of a project SPV corresponding to an interstate Read more
Resonia Ltd has emerged L1 bidder for an intrastate transmission system (InSTS) scheme in Karnataka under the tariff-based competitive bidding (TBCB) framework, it is reliably learnt. According to an informed source, Resonia Ltd has emerged as the winning bidder Read more
Karnataka’s third intrastate scheme under the tariff-based competitive bidding (TBCB) framework is likely to be awarded soon. Five bidders have qualified, based on technical bids, for opening of initial price bids of the intrastate scheme termed Read more