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Daily News Wrap-Up: PFC’s Tender to Evacuate 1.5 GW of Renewable Power

New electricity rules propose to remove the transmission license mandate for large consumers

July 3, 2023

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PFC Consulting invited bids to develop an interstate transmission system to evacuate 1,500 MW of power from renewable energy projects in Maharashtra’s Solapur special economic zone. The project will be developed on a build, own, operate, and transfer basis. The last date to submit the bid online is August 28, 2023. Bids will be opened on the same day. Within ten days from the date of the issuance of the letter of intent, the selected bidder, on behalf of the transmission service provider, must furnish a contract performance guarantee of ₹150 million (~$1.83 million).

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