The Ministry of Power, Government of India, has initiated the process to appoint a Transmission Service Provider (TSP) for the development of a major inter-state transmission system aimed at supporting renewable energy integration from Gujarat. The project, identified as “Part-B,” is intended for the evacuation of 14 GW of renewable power from key energy zones, including Lakadia (Phase-II), Jam Khambhaliya (Phase-II), and Jamnagar (Phase-I).
REC Power Development and Consultancy Limited (RECPDCL) has been appointed as the Bid Process Coordinator (BPC) for the tariff-based competitive bidding process. The project will be developed under the build, own, operate, and transfer (BOOT) model, where the selected developer will be responsible for constructing, operating, and maintaining the transmission infrastructure before eventually transferring it as per project terms.
The transmission project includes the establishment of the Nasik Substation with 765/400 kV and 400/220 kV systems. It also involves the construction of the South Olpad–Nasik 765 kV double-circuit transmission line along with associated line bays, reactors, and related transmission infrastructure. The selected bidder will undertake all activities related to the project, including preparation of detailed project reports, arranging finance, securing approvals, and obtaining statutory clearances.
The bidding process follows a detailed schedule announced by the Ministry. The Request for Proposal (RFP) was issued on May 4, 2026. Interested bidders can submit clarifications until May 25, 2026, while the pre-bid meeting is scheduled for May 28, 2026. The final RFP documents will be issued on June 22, 2026.
The deadline for online bid submission is July 6, 2026, by 4:00 PM, and the technical bids will be opened the same day at 4:30 PM. The opening of financial bids is planned for July 15, 2026, followed by the electronic reverse auction on July 16, 2026. The successful bidder is expected to receive the Letter of Intent (LOI) on July 24, 2026, while the signing of project documents and transfer of the Special Purpose Vehicle (SPV) is scheduled for August 3, 2026.
The overall project is expected to achieve commercial operation within 36 months from the effective date. To participate, bidders must submit an Earnest Money Deposit (EMD) or bid bond of Rs. 36 crore along with the technical bid. The successful bidder will also have to furnish a Performance Bank Guarantee of Rs. 90 crore within ten days of receiving the LOI. Additionally, the selected developer will acquire 100 percent equity in the project SPV at a price to be disclosed before the bid submission deadline.
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