MoP releases revised SBD for award of ISTS projects on TBCB basis

The MoP has released the revised standard bid documents (SBDs), containing the RfP and transmission service agreement for the award of interstate transmission system (ISTS) projects on a tariff-based competitive bidding (TBCB) basis. It is envisaged that the revised SBDs would promote ease of doing business for private developers in the transmission sector, address developers’ concerns on risk-sharing, encourage competition in transmission and facilitate timely completion of transmission lines. All these provisions will attract more private investment in the transmission sector.