PFCCL

RECPDCL to strike off project SPV of de-notified ISTS-TBCB scheme

Bid process coordinator REC Power Development & Consultancy Ltd (RECPDCL) has proposed to strike off a wholly-owned subsidiary that was incorporated to act as a project SPV of an ISTS-TBCB scheme that has since been de-notified. In a stock Read more

New entrant among those qualified for Raghanesda ISTS-TBCB scheme

Eight bidders, including a new entrant, have qualified for opening of initial price bids for an ISTS-TBCB scheme housed under “Raghanesda RE Transmission Ltd” and taking shape in Gujarat. The new entrant – Kalthia Engineering & Construction Ltd – Read more

PGCIL acquires “MEL Power Transmission,” its first ISTS-TBCB win in FY26

Power Grid Corporation of India Ltd (PGCIL) has formally acquired project SPV “MEL Power Transmission Ltd” making it the Central PSU’s first ISTS-TBCB acquisition of the current fiscal year FY26. “MEL Power Transmission Ltd” was acquired on June 4, Read more

Powergrid Dharamjaigarh Transmission commissions ISTS scheme

Powergrid Dharamjaigarh Transmission Ltd, a wholly-owned subsidiary of Power Grid Corporation of India Ltd (PGCIL) has commissioned an interstate transmission system (ISTS) scheme that it had won under the tariff-based competitive bidding Read more

Interregional strengthening scheme between southern and eastern grids planned

A new interregional scheme that will strengthen the transfer between the southern and eastern grids has been proposed for implementation under the tariff-based competitive bidding route. Estimated to cost around Rs.2,710 crore and with a tentative implementation timeframe of Read more

PFCCL incorporates three project SPVs for ISTS-TBCB projects

Bid process coordinator PFC Consulting Ltd (PFCCL) has newly incorporated three wholly-owned subsidiaries that will act as project special purpose vehicles (SPV) for as many interstate transmission system (ISTS) schemes being developed under the tariff-based competitive bidding ( Read more

With 45 schemes awarded, FY25 proves very eventful for ISTS-TBCB market

Fiscal year FY25 that closed on March 31, 2025 has been a record year for the ISTS-TBCB market, on several counts. Based on an exclusive study by T&D India, FY25 saw as many as 45 interstate transmission system (ISTS) Read more

Resonia wins Anantapur ISTS scheme in TBCB mode

Resonia (formerly Sterlite Power) has won an interstate transmission system (ISTS) scheme in Andhra Pradesh, under the tariff-based competitive bidding (TBCB) framework. Bid process coordinator PFC Consulting Ltd (PFCCL), on Read more

Developer selection begins for intrastate TBCB schemes in Maharashtra

Bidding has begun for three intrastate transmission system (InSTS) schemes in Maharashtra, under the tariff-based competitive bidding (TBCB) framework. While bid process coordinators REC Power Development & Consultancy Ltd (RECPDCL) has initiated the Read more

GIPCL KEC Pooling | T&D India

PGCIL acquires Kurnool-III PS ISTS scheme in Andhra Pradesh

Power Grid Corporation of India Ltd (PGCIL), on March 27, 2025, formally acquired the project SPV of an interstate transmission system (ISTS) scheme in Andhra Pradesh, from bid process coordinator PFC Consulting Ltd ( Read more