SPV

PGCIL completes first phase of consolidating TBCB subsidiaries

Power Grid Corporation of India Ltd (PGCIL) has completed the first phase of rationalization of its wholly-owned subsidiaries associated with transmission schemes awarded under tariff-based competitive bidding (TBCB) mode. Based on official information available, effective March 1, 2026, PGCIL Read more

PGCIL dominates ISTS-TBCB market with 60 per cent share

Power Grid Corporation of India Ltd (PGCIL) is seen clearly dominating the ISTS-TBCB market, according to a special study by T&D India. The study shows that PGCIL has a share of 60 per cent in the aggregate estimated project Read more

“Rajasthan IV 4B Power Transmission Ltd” incorporated

REC Power Development & Consultancy Ltd (RECPDCL) has announced the incorporation of a wholly-owned subsidiary “Rajasthan IV 4B Power Transmission Ltd” that will act as a project special purpose vehicle (SPV) for development of an Read more

RECPDCL incorporates SPV for RE evacuation scheme in Rajasthan

REC Power Development & Consultancy Ltd (RECPDCL) has incorporated a project special vehicle for development of an interstate transmission system (ISTS) scheme associated with renewable energy evacuation in Rajasthan. The project SPV called “Rajasthan IV 4A Read more

Linxon SS Tata Power Solar Rajasthan | T&D India

Tata Power wins “Paradeep Transmission,” its second ISTS scheme in TBCB mode

Tata Power has won its second interstate transmission system (ISTS) scheme under the tariff-based competitive bidding (TBCB) modality. In a stock exchange notification, Tata Power said that it has received the letter of intent from bid process coordinator PFC Read more

PGCIL plans restructuring of its wholly-owned subsidiaries

Power Grid Corporation of India Ltd (PGCIL) is planning to restructure some of its wholly-owned subsidiaries by way of merger or amalgamation. In a meeting held on July 26, 2024, the board of directors of PGCIL considered and approved Read more

Four contenders in race for ERES-XXXIV project

Four bidders have qualified for opening of initial price bids for an ISTS-TBCB scheme “Eastern Region Expansion Scheme – XXXIV.” According to information available, bid process coordinator PFC Consulting Ltd (PFCCL) has qualified Read more

Solapur Transmission granted licence by CERC

Central Electricity Regulatory Commission (CERC) has granted transmission licence to Solapur Transmission Ltd for its interstate transmission system (ISTS) scheme in Maharashtra. Solapur Transmission Ltd, a wholly-owned subsidiary of Torrent Power Ltd, is developing an ISTS Read more

Kudankulam nuclear plant evacuation scheme under bidding

    The bidding process for setting up transmission infrastructure related to two upcoming units of the Kudankulam nuclear power plant in Tamil Nadu has begun. Bid process coordinator PFC Consulting Ltd (PFCCL) has invited requests for proposal Read more

RECPDCL hands over two power transmission SPVs to successful bidders

    REC Power Development & Consultancy Ltd (RECPDCL) has handed over project special purpose vehicles of two interstate transmission system (ISTS) to successful bidders, on May 30, 2024. Here are details on the two cases:   Project SPV: Khavda Read more