REC Power Development and Consultancy Limited (RECPDCL), a wholly owned subsidiary of REC Limited, has issued a Request for Proposal (RFP) for the selection of a Transmission Service Provider (TSP) through a tariff-based competitive bidding process. The project involves establishing an interstate transmission system for inter-regional strengthening between the Southern Region (SR) Grid and the Western Region (WR) Grid. This initiative is in line with the Government of India’s commitment to reinforce power transmission capacity between regions to meet rising demand.
The scope of work for the TSP includes building a 765 kV double circuit (D/C) transmission line between Parli New (in Maharashtra) and Bidar (in Karnataka), along with 240 MVAr switchable line reactors at the Bidar end, and necessary bay extensions at both ends. The scheduled Commercial Operation Date (COD) for this project is set at 24 months from the effective date.
The selected bidder will acquire 100% equity in a Special Purpose Vehicle (SPV) created for the project. The SPV, once transferred, will be responsible for developing, financing, constructing, commissioning, operating, and maintaining the transmission infrastructure. After 35 years from the COD, the project assets are to be handed over, at zero cost and without liabilities, to the Central Transmission Utility or its designated agency.
The RFP was issued on June 20, 2025. Interested bidders can obtain the RFP document between June 20 and August 21, 2025, by paying a non-refundable fee of ₹5,00,000 or $7,000 plus 18% GST through electronic transfer. The bid submission deadline is 3:00 PM on August 22, 2025, with technical bid opening scheduled for the same day at 3:30 PM.
The bid process will be conducted on the MSTC electronic bidding platform and follows a two-stage format: the initial technical bid and financial bid (Initial Offer), followed by an e-reverse auction among the top-ranked bidders.
To participate, bidders must meet specified financial and technical criteria. They must have either developed infrastructure projects worth at least ₹500 crore or received ₹500 crore in payments for completed infrastructure projects in the past five years. A minimum net worth of ₹250 crore is also required. Bidders may participate as a single company or a consortium, with certain requirements on equity commitment and lead member responsibility.
A Bid Bond of ₹9.60 crore is to be submitted with the technical bid in the form of a bank guarantee, insurance surety bond, or Payment on Order instrument.
This project supports the expected peak demand growth in Southern India, projected to reach 120 GW by 2029-30, including green hydrogen requirements. The proposed link will boost power import and export capacity between the SR and WR grids and facilitate renewable energy integration from Bidar’s 2.5 GW renewable energy pool.
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