A new power transmission project is being planned to help evacuate 2500 MW of renewable energy from the Morena Special Economic Zone (SEZ) in Madhya Pradesh. PFC Consulting Limited (PFCCL), a government company, has been appointed by the Ministry of Power as the Bid Process Coordinator to carry out the selection of a company that will build and run this project.
The last date for the submission of bids is June 5, 2025, up to 11:00 AM, and the opening of technical bids will be conducted the same day at 11:30 AM. Bidders are required to submit their bids online through the PFCCL’s e-tendering portal. A pre-bid meeting is scheduled to be held virtually on April 16, 2025, at 3:00 PM to clarify any doubts and respond to queries from potential bidders.
Each bidder must submit an Earnest Money Deposit (EMD) of ₹928,000 per MW. For a 2500 MW capacity project, the total EMD would amount to ₹232 crore if a single bidder intends to take the entire capacity. The successful bidder will also be required to furnish a Performance Bank Guarantee (PBG) of ₹23,20,000 per MW at the time of signing the PPA, which will be valid for a period of 15 months from the Effective Date.
This project will be developed under a Tariff-Based Competitive Bidding process, which allows private players to bid and the one offering the lowest tariff will be selected. The selected company called the Transmission Service Provider (TSP), will be responsible for building, owning, operating, and transferring the Inter-State Transmission System (ISTS) for the evacuation of power. The handover of the system will happen after 35 years at no cost.
The key part of the project involves setting up a 765/400/220 kV substation in Morena. This includes heavy transformers, reactors, and multiple high-voltage line bays. The scheduled commissioning time is 27 months from the date of the agreement signing.
The bidding process will be done online through MSTC’s electronic platform. Bidders will first submit technical and financial bids. After that, the lowest financial offers will be selected for a reverse auction round where the final lowest tariff will be discovered. The winner will also have to buy 100% shares of a special company (SPV) created for this project.
Once awarded, the selected bidder must obtain a Transmission License from the regulator. The company will also be responsible for operation, maintenance, and compliance with all regulatory terms during the project’s life. This move will help strengthen the inter-state power evacuation system and support India’s growing renewable energy capacity.
