POWERGRID Emerges Successful Bidder for Inter-State Transmission Project

Key Highlights POWERGRID has emerged as the successful bidder under the Tariff-Based Competitive Bidding (TBCB) process for an Inter-State Transmission System (ISTS) project. The company received the Letter of Intent (LoI) on 17 July 2026, adding another transmission project to its portfolio. Order Details • POWERGRID has been declared the successful bidder under the TBCB route for an Inter-State Transmission System (ISTS) project. • The company received the Letter of Intent (LoI) on 17 July 2026. • The project involves the installation and commissioning of 2 Synchronous Condensers (SynCon) at the 765/400/220 kV Fatehgarh-II Power Station. • The project will be executed on a Build, Own, Operate and Transfer (BOOT) basis. • The scope also includes associated transmission bays aimed at improving grid stability and power system reliability. What It Means • The project expands POWERGRID's regulated transmission asset portfolio. • Execution under the BOOT model can support long-term regulated revenue generation once the project becomes operational. • Installation of Synchronous Condensers will enhance grid stability and improve the reliability of the power transmission network. • Winning projects through the TBCB route reflects the company's continued participation in India's expanding transmission infrastructure. Market Impact Impact: Positive Securing another inter-state transmission project strengthens POWERGRID's project pipeline and supports future regulated revenue growth. The project also reinforces the company's position in India's power transmission infrastructure sector. Learning Outcome Tariff-Based Competitive Bidding (TBCB) is a process through which transmission projects are awarded to the bidder offering the most competitive tariff. For transmission companies, winning TBCB projects helps expand their regulated asset base, which can provide predictable long-term revenue after the assets are commissioned.