Bidders shortlisted for hydropower evacuation scheme in Himachal Pradesh - T&D India
24 October 2024
Three bidders have been shortlisted for an ISTS scheme to set up evacuation infrastructure for upcoming hydropower projects in Himachal Pradesh. Bid process coordinator REC Power Development & Consultancy Ltd (RECPDCL) has shortlisted Power Grid Corporation of India Ltd PGCIL), Sterlite Power and Adani Energy Solutions Ltd () for the ISTS scheme housed under "Shongtong Power Transmission Ltd," under the tariff-based competitive bidding (TBCB) route. These three developers are now qualified, on the basis of technical bids, for opening of initial price bids. Once the initial price bids are opened, the bidding process would move to the e-reverse auction stage where final price bids will emerge. By current timelines, RECPDCL expects to formalize the bidder selection, including transfer of project SPV, by October 14, 2024. Shongtong Power Transmission Ltd aims to create a transmission system for evacuation of power from Shongtong Karcham hydropower project (450 MW) and Tidong hydropower project (150 MW), both located in Himachal Pradesh. While the Shongtong Karcham project is owned by Himachal Pradesh Power Corporation Ltd (HPPCL), the Tidong plant is developed by Tidong Power Generation Pvt Ltd, a wholly-owned subsidiary of Norway-based Statkraft. It may be added that Statkraft, in 2018, acquired the Tidong hydropower project from Hyderabad-based NSL Power group, its original developer, when 60 per cent construction work was already completed. The project was then designed with 100 MW capacity. Both the hydropower projects are under active construction and are expected to commission by July 2026. The associated transmission scheme is also envisaged for completion with a timeframe matching that of the hydropower projects.
Three bidders have been shortlisted for an ISTS scheme to set up evacuation infrastructure for upcoming hydropower projects in Himachal Pradesh. Bid process coordinator REC Power Development & Consultancy Ltd (RECPDCL) has shortlisted Power Grid Corporation of India Ltd PGCIL), Sterlite Power and Adani Energy Solutions Ltd () for the ISTS scheme housed under "Shongtong Power Transmission Ltd," under the tariff-based competitive bidding (TBCB) route. These three developers are now qualified, on the basis of technical bids, for opening of initial price bids. Once the initial price bids are opened, the bidding process would move to the e-reverse auction stage where final price bids will emerge. By current timelines, RECPDCL expects to formalize the bidder selection, including transfer of project SPV, by October 14, 2024. Shongtong Power Transmission Ltd aims to create a transmission system for evacuation of power from Shongtong Karcham hydropower project (450 MW) and Tidong hydropower project (150 MW), both located in Himachal Pradesh. While the Shongtong Karcham project is owned by Himachal Pradesh Power Corporation Ltd (HPPCL), the Tidong plant is developed by Tidong Power Generation Pvt Ltd, a wholly-owned subsidiary of Norway-based Statkraft. It may be added that Statkraft, in 2018, acquired the Tidong hydropower project from Hyderabad-based NSL Power group, its original developer, when 60 per cent construction work was already completed. The project was then designed with 100 MW capacity. Both the hydropower projects are under active construction and are expected to commission by July 2026. The associated transmission scheme is also envisaged for completion with a timeframe matching that of the hydropower projects.
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