India Grid Trust (IndiGrid) has received the letter of intent for two interstate transmission system (ISTS) schemes, won through the tariff-based competitive bidding (TBCB) mechanism. In a release, IndiGrid said that it has received letters of intent from REC Read more
The National Committee on Transmission (NCT), in its latest meeting, has recommended the implementation of a component of the “Eastern Region Expansion Scheme” under the TBCB route. Termed as “Eastern Region Expansion Scheme XXXIX” or “ERES XXXIX,” the scheme Read more
Sterlite Power has announced the acquisition of project SPV “Neemrana II Kotputli Transmission Ltd” from bid process coordinator PFC Consulting Ltd. The project was awarded to Sterlite Power through the tariff based competitive bidding (TBCB) process in November 2023.Through Read more
Bid process coordinator PFC Consulting Ltd (PFCCL) has transferred three project SPVs, incorporated for development of interstate transmission system (ISTS) schemes, to the respective winning bidders. In a stock exchange filing, Power Finance Corporation, the holding company of PFCCL, Read more
Adani Energy Solutions Ltd (AESL) has won an interstate transmission system (ISTS) scheme, housed under project SPV “Halvad Transmission Ltd” through the tariff-based competitive bidding (TBCB) route. In a release, AESL said that that it has received the Letter Read more
Power Grid Corporation of India Ltd (PGCIL) has commissioned an interstate transmission system (ISTS) scheme in Rajasthan, which it had won under the tariff-based competitive bidding (TBCB) mechanism. In a brief stock exchange filing, PGCIL said that on December Read more
Three project special purpose vehicles (SPVs) have been newly incorporated for the development of as many interstate transmission system (ISTS) schemes, the developers for which will be selected using the tariff-based competitive bidding (TBCB) mechanism. Bid process coordinators REC Read more
Power Grid Corporation of India Ltd (PGCIL) has won an interstate transmission system (ISTS) scheme, housed under project SPV “Vataman Transmission Ltd,” under the tariff-based competitive bidding (TBCB) route. The scheme for which the letter of intent was received Read more
Bid process coordinator PFC Consulting Ltd has announced the incorporation of a wholly-owned subsidiary “Paradeep Transmission Ltd” that would develop an interstate transmission system (ISTS) scheme in Odisha. In a stock exchange communication, Power Finance Corporation (PFC), the holding Read more
Tata Power has marked its entry in the greenfield power development space, winning its first-ever project under the tariff-based competitive bidding (TBCB) process. In a stock exchange notification, Tata Power formally announced that bid process coordinator PFC Consulting Ltd Read more