CERC Clears Rs 5.89 Billion Tariff for Adani-Led Grid Project

01 Sep 2025 CW Team

The process commenced with the publication of the Request for Proposal on 19 October 2023, followed by bid submissions on 19 April 2024. Financial bids were opened on 25 September 2024, and an intense e-reverse auction, lasting 178 rounds, concluded on 28 September 2024. The final discovered tariff, quoted by Adani Energy Solutions, exceeded CERC's earlier levelised tariff estimate of Rs 4.56 billion by 11.24 per cent. The rise was attributed to revised Right of Way (RoW) compensation norms, changes in land values, and a recalculated completion factor for project cost escalation. The Cost Committee subsequently revised the project cost from Rs 33.81 billion to Rs 40.21 billion.

Despite the higher bid, the Bid Evaluation Committee and the CERC deemed the process transparent, competitive, and consistent with the Ministry of Power’s guidelines. A Letter of Intent was issued to Adani Energy on 21 October 2024, and the company acquired Pune-III Transmission on 19 November 2024 after furnishing a Rs 700 million performance guarantee. The Commission has now adopted the Rs 5.89 billion per annum tariff for the duration of the Transmission Service Agreement.

CERC also instructed PFCCL to improve clarity in committee documentation for future tenders. The transmission charges will be shared by designated interstate transmission customers, as outlined in the 2020 CERC regulations. This order marks the formal closure of Petition No. 75/AT/2025 and sets the stage for one of India’s largest renewable power evacuation systems to move forward.

The Central Electricity Regulatory Commission (CERC) has approved annual transmission charges of Rs 5.89 billion for the Pune-III Transmission Limited project, part of efforts to evacuate 7 GW of renewable power from Gujarat’s Khavda region under Phase IV, Part D. The project will be implemented on a Build, Own, Operate, and Transfer (BOOT) basis and was originally floated by PFC Consulting Limited (PFCCL), later awarded to Adani Energy Solutions Limited through tariff-based competitive bidding.The process commenced with the publication of the Request for Proposal on 19 October 2023, followed by bid submissions on 19 April 2024. Financial bids were opened on 25 September 2024, and an intense e-reverse auction, lasting 178 rounds, concluded on 28 September 2024. The final discovered tariff, quoted by Adani Energy Solutions, exceeded CERC's earlier levelised tariff estimate of Rs 4.56 billion by 11.24 per cent. The rise was attributed to revised Right of Way (RoW) compensation norms, changes in land values, and a recalculated completion factor for project cost escalation. The Cost Committee subsequently revised the project cost from Rs 33.81 billion to Rs 40.21 billion.Despite the higher bid, the Bid Evaluation Committee and the CERC deemed the process transparent, competitive, and consistent with the Ministry of Power’s guidelines. A Letter of Intent was issued to Adani Energy on 21 October 2024, and the company acquired Pune-III Transmission on 19 November 2024 after furnishing a Rs 700 million performance guarantee. The Commission has now adopted the Rs 5.89 billion per annum tariff for the duration of the Transmission Service Agreement.CERC also instructed PFCCL to improve clarity in committee documentation for future tenders. The transmission charges will be shared by designated interstate transmission customers, as outlined in the 2020 CERC regulations. This order marks the formal closure of Petition No. 75/AT/2025 and sets the stage for one of India’s largest renewable power evacuation systems to move forward.

Infrastructure Urban

02 Jun 2026

VECV Sales Rise 7.8 Per Cent In May 2026

VE Commercial Vehicles recorded sales of 7,978 units in May 2026, compared to 7,401 units in May 2025, registering growth of 7.8 per cent. This included 7,789 units from the Eicher brand and 189 units from the Volvo brand.Eicher branded trucks and buses reported sales of 7,789 units during the month, up 7.3 per cent from 7,258 units a year earlier. In the domestic commercial vehicle market, Eicher sales rose 9.1 per cent to 7,375 units from 6,758 units in May 2025.Exports declined 17.2 per cent to 414 units from 500 units in the corresponding month last year. Volvo Trucks and Volvo Buses recor..

Infrastructure Urban

02 Jun 2026

Table Space Strengthens DESYN Leadership Team

Table Space has announced strategic leadership appointments within DESYN, its integrated Design and Build business, as it looks to strengthen operations across key enterprise and GCC markets in India. DESYN was launched as a strategic extension of Table Space’s workspace solutions portfolio to meet rising demand for agile, high-quality and rapidly deployable enterprise workspaces.Shruti Ookabhoy has joined DESYN as Executive Director and will lead the Design vertical, focusing on design capability, operational excellence and team development across markets. She brings over 22 years of experi..

Infrastructure Transport

02 Jun 2026

Concord Associate Bags Rs 2.79 Bn Kavach Order

Concord Control Systems said its associate company, Progota India, has received a Rs 2.79 bn domestic order from Indian Railways for the supply, installation, testing and commissioning of on-board Kavach 4.0 loco equipment.The order is scheduled for execution within 12 months and strengthens Concord’s role in India’s railway safety and signalling ecosystem. Kavach is India’s indigenous automatic train protection system, designed to improve operational safety by helping prevent signal passing at danger and reducing collision risks.Gaurav Lath, Joint Managing Director, Concord Control Syst..