Latest power sector tenders
Latest power sector tenders revealed a new risk-allocation template after REC structured the WR–ER transmission expansion into two separately bid SPVs. The corridor is physically continuous. The commercial risk, however, is split between Part-A and Part-C, each with its own RFP, SPA, timelines, and securities.
Part-A carries the 765/400 kV backbone. It includes greenfield substations, ICT banks, reactors, LILOs, and long EHV lines with CODs at 24, 30, and 36 months from the effective date. Part-C is a single 400 kV D/C quad corridor from Jamshedpur (New) to Balasore with a fixed COD of 31 March 2029. Part-C cannot deliver congestion relief unless Part-A assets are energised. The documents do not mutualise this dependency.
Time risk is pushed downstream. Part-C obligations remain fixed even if Part-A is delayed by land or clearance issues. There is no contractual realignment lever. Whoever acquires the Part-C SPV absorbs the sequencing mismatch risk.
The financial asymmetry is stark. Part-A’s bid bond is Rs 67.44 crore. Part-C’s is only Rs 6.96 crore. The structure recognises technical dependency but not financial coupling, leaving bidders to price the gap through tariffs.
Both SPVs are acquired at par on an as-is-where-is basis, with all assets and liabilities transferred. Diligence windows are compressed.
For Latest power sector tenders, the WR–ER model signals corridor logic without corridor-level risk sharing. The structure is now central to News on power sector and Indian Power news, REC, Grid Corridor, Transmission Projects, Power Procurement, India Energy.
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