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PFC Consulting Limited (PFCCL) has invited bids for the selection of a Transmission Service Provider (TSP) to establish the 765 kV Grid Substation (GSS) at Babai along with its associated intra-state transmission system in Rajasthan. The project will be implemented through tariff-based competitive bidding (TBCB) on a Build, Own, Operate and Transfer (BOOT) basis.

PFCCL has been appointed as the Bid Process Coordinator (BPC) by the Energy Department, Government of Rajasthan, for the selection of the successful bidder. The selected developer will acquire 100% equity in Babai Transmission Limited, the special purpose vehicle (SPV) incorporated for implementing the project, and will be responsible for financing, designing, engineering, procurement, construction, commissioning, operation, and maintenance of the transmission system.

The transmission project has been planned to facilitate the evacuation of approximately 5,760 MW of renewable energy from Rajasthan while strengthening power supply to the Babai, Jhunjhunu, Sikar, and Jaipur regions. The initiative forms part of the Green Energy Corridor Phase III, addressing the growing renewable energy generation in western Rajasthan and the need for enhanced transmission infrastructure.

The project scope includes the establishment of a new 765/400/220 kV AIS substation at Babai, equipped with 2×1500 MVA 765/400 kV transformers, 2×500 MVA 400/220 kV transformers, switchable bus reactors, line reactors, and multiple transmission bays. It also covers the construction of several high-voltage transmission lines, including the 765 kV double-circuit Babai–Alwar line, 400 kV Babai–Amber line, 400 kV Babai–Babai line, 220 kV Babai–Beri Bhajangarh line, and the LILO of the 220 kV Chirawa–Khetri transmission line. The entire project is scheduled for completion within 30 months from the effective date.

According to the RFP, the selected TSP will also be responsible for securing statutory approvals, obtaining the transmission licence from the Rajasthan Electricity Regulatory Commission (RERC), arranging financing, land acquisition support, environmental and forest clearances, and undertaking the operation and maintenance of the assets throughout the concession period. The transmission assets will be transferred to the State Transmission Utility after 35 years from the commercial operation date, at zero cost and free from encumbrances.

The project has been conceived to strengthen Rajasthan’s transmission infrastructure for large-scale renewable energy integration, improve grid reliability, and support the state’s expanding clean energy capacity under its long-term power sector development plans.

PFC Consulting Limited (PFCCL) has invited bids for the selection of a Transmission Service Provider (TSP) to establish the 765 kV Grid Substation (GSS) at Babai along with its associated intra-state transmission system in Rajasthan. The project will be implemented through tariff-based competitive bidding (TBCB) on a Build, Own, Operate and Transfer (BOOT) basis.

PFCCL has been appointed as the Bid Process Coordinator (BPC) by the Energy Department, Government of Rajasthan, for the selection of the successful bidder. The selected developer will acquire 100% equity in Babai Transmission Limited, the special purpose vehicle (SPV) incorporated for implementing the project, and will be responsible for financing, designing, engineering, procurement, construction, commissioning, operation, and maintenance of the transmission system.

The transmission project has been planned to facilitate the evacuation of approximately 5,760 MW of renewable energy from Rajasthan while strengthening power supply to the Babai, Jhunjhunu, Sikar, and Jaipur regions. The initiative forms part of the Green Energy Corridor Phase III, addressing the growing renewable energy generation in western Rajasthan and the need for enhanced transmission infrastructure.

The project scope includes the establishment of a new 765/400/220 kV AIS substation at Babai, equipped with 2×1500 MVA 765/400 kV transformers, 2×500 MVA 400/220 kV transformers, switchable bus reactors, line reactors, and multiple transmission bays. It also covers the construction of several high-voltage transmission lines, including the 765 kV double-circuit Babai–Alwar line, 400 kV Babai–Amber line, 400 kV Babai–Babai line, 220 kV Babai–Beri Bhajangarh line, and the LILO of the 220 kV Chirawa–Khetri transmission line. The entire project is scheduled for completion within 30 months from the effective date.

According to the RFP, the selected TSP will also be responsible for securing statutory approvals, obtaining the transmission licence from the Rajasthan Electricity Regulatory Commission (RERC), arranging financing, land acquisition support, environmental and forest clearances, and undertaking the operation and maintenance of the assets throughout the concession period. The transmission assets will be transferred to the State Transmission Utility after 35 years from the commercial operation date, at zero cost and free from encumbrances.

The project has been conceived to strengthen Rajasthan’s transmission infrastructure for large-scale renewable energy integration, improve grid reliability, and support the state’s expanding clean energy capacity under its long-term power sector development plans.

PFC Consulting Limited (PFCCL) has invited bids for the selection of a Transmission Service Provider (TSP) to establish the 765 kV Grid Substation (GSS) at Babai along with its associated intra-state transmission system in Rajasthan. The project will be implemented through tariff-based competitive bidding (TBCB) on a Build, Own, Operate and Transfer (BOOT) basis.

PFCCL has been appointed as the Bid Process Coordinator (BPC) by the Energy Department, Government of Rajasthan, for the selection of the successful bidder. The selected developer will acquire 100% equity in Babai Transmission Limited, the special purpose vehicle (SPV) incorporated for implementing the project, and will be responsible for financing, designing, engineering, procurement, construction, commissioning, operation, and maintenance of the transmission system.

The transmission project has been planned to facilitate the evacuation of approximately 5,760 MW of renewable energy from Rajasthan while strengthening power supply to the Babai, Jhunjhunu, Sikar, and Jaipur regions. The initiative forms part of the Green Energy Corridor Phase III, addressing the growing renewable energy generation in western Rajasthan and the need for enhanced transmission infrastructure.

The project scope includes the establishment of a new 765/400/220 kV AIS substation at Babai, equipped with 2×1500 MVA 765/400 kV transformers, 2×500 MVA 400/220 kV transformers, switchable bus reactors, line reactors, and multiple transmission bays. It also covers the construction of several high-voltage transmission lines, including the 765 kV double-circuit Babai–Alwar line, 400 kV Babai–Amber line, 400 kV Babai–Babai line, 220 kV Babai–Beri Bhajangarh line, and the LILO of the 220 kV Chirawa–Khetri transmission line. The entire project is scheduled for completion within 30 months from the effective date.

According to the RFP, the selected TSP will also be responsible for securing statutory approvals, obtaining the transmission licence from the Rajasthan Electricity Regulatory Commission (RERC), arranging financing, land acquisition support, environmental and forest clearances, and undertaking the operation and maintenance of the assets throughout the concession period. The transmission assets will be transferred to the State Transmission Utility after 35 years from the commercial operation date, at zero cost and free from encumbrances.

The project has been conceived to strengthen Rajasthan’s transmission infrastructure for large-scale renewable energy integration, improve grid reliability, and support the state’s expanding clean energy capacity under its long-term power sector development plans.

Vena Energy, the renewable energy arm of Vena Group, announced the successful financial close of the 500 MWp Ixus Bugallon Solar Power Project in Bugallon, Pangasinan, Philippines. 

The project represents another significant milestone in Vena Energy’s continued investment in the Philippines renewable energy sector. Located adjacent to the existing 550 MWp Bugallon Solar Power Project also developed by Vena Energy, the Ixus Bugallon Solar Power Project will increase Vena Energy’s capacity in Pangasinan to approximately 1 GWp upon completion, further strengthening one of the country’s largest solar development clusters. Awarded under the Philippine Department of Energy’s second Green Energy Auction Program (GEAP 2), the project supports the country’s renewable energy ambitions and reinforces Vena Energy’s commitment to clean energy transition in the Philippines.  

Once operational, the project is expected to generate enough renewable power to supply the equivalent annual electricity needs of approximately 650,000 Philippine households, while avoiding more than 570,000 tons of CO2 emissions annually, equivalent to removing around 125,000 vehicles from the road or planting 9.5 million trees. The project is also expected to save an estimated 830 million litres of water per year compared to conventional energy generation. 

“Achieving financial close for the Ixus Bugallon Solar Power Project reflects the continued confidence of our banking partners in Vena Energy’s ability to develop, finance and deliver large-scale renewable energy infrastructure. As the Philippines advances its clean energy transition, we remain committed to mobilising long-term capital for projects that strengthen energy security and deliver lasting value to communities and stakeholders.”, said Simone Grasso, Chief Investment Officer of Vena Group and Global Head of Vena Nexus

The project secured approximately USD 310 million in senior debt financing from a syndicate of eight international banks: BNP Paribas, Crédit Agricole Corporate and Investment Bank, DBS Bank Ltd., ING Bank N.V., Intesa Sanpaolo S.p.A., MUFG Bank Ltd., Standard Chartered Bank, and Sumitomo Mitsui Banking Corporation.  

The financing marks another significant mobilisation of international bank capital into the Philippine renewable energy sector, reflecting Vena Energy’s ability to develop high-quality, bankable projects that attract long-term international funding. 

Vena Energy, the renewable energy arm of Vena Group, announced the successful financial close of the 500 MWp Ixus Bugallon Solar Power Project in Bugallon, Pangasinan, Philippines. 

The project represents another significant milestone in Vena Energy’s continued investment in the Philippines renewable energy sector. Located adjacent to the existing 550 MWp Bugallon Solar Power Project also developed by Vena Energy, the Ixus Bugallon Solar Power Project will increase Vena Energy’s capacity in Pangasinan to approximately 1 GWp upon completion, further strengthening one of the country’s largest solar development clusters. Awarded under the Philippine Department of Energy’s second Green Energy Auction Program (GEAP 2), the project supports the country’s renewable energy ambitions and reinforces Vena Energy’s commitment to clean energy transition in the Philippines.  

Once operational, the project is expected to generate enough renewable power to supply the equivalent annual electricity needs of approximately 650,000 Philippine households, while avoiding more than 570,000 tons of CO2 emissions annually, equivalent to removing around 125,000 vehicles from the road or planting 9.5 million trees. The project is also expected to save an estimated 830 million litres of water per year compared to conventional energy generation. 

“Achieving financial close for the Ixus Bugallon Solar Power Project reflects the continued confidence of our banking partners in Vena Energy’s ability to develop, finance and deliver large-scale renewable energy infrastructure. As the Philippines advances its clean energy transition, we remain committed to mobilising long-term capital for projects that strengthen energy security and deliver lasting value to communities and stakeholders.”, said Simone Grasso, Chief Investment Officer of Vena Group and Global Head of Vena Nexus

The project secured approximately USD 310 million in senior debt financing from a syndicate of eight international banks: BNP Paribas, Crédit Agricole Corporate and Investment Bank, DBS Bank Ltd., ING Bank N.V., Intesa Sanpaolo S.p.A., MUFG Bank Ltd., Standard Chartered Bank, and Sumitomo Mitsui Banking Corporation.  

The financing marks another significant mobilisation of international bank capital into the Philippine renewable energy sector, reflecting Vena Energy’s ability to develop high-quality, bankable projects that attract long-term international funding. 

Vena Energy, the renewable energy arm of Vena Group, announced the successful financial close of the 500 MWp Ixus Bugallon Solar Power Project in Bugallon, Pangasinan, Philippines. 

The project represents another significant milestone in Vena Energy’s continued investment in the Philippines renewable energy sector. Located adjacent to the existing 550 MWp Bugallon Solar Power Project also developed by Vena Energy, the Ixus Bugallon Solar Power Project will increase Vena Energy’s capacity in Pangasinan to approximately 1 GWp upon completion, further strengthening one of the country’s largest solar development clusters. Awarded under the Philippine Department of Energy’s second Green Energy Auction Program (GEAP 2), the project supports the country’s renewable energy ambitions and reinforces Vena Energy’s commitment to clean energy transition in the Philippines.  

Once operational, the project is expected to generate enough renewable power to supply the equivalent annual electricity needs of approximately 650,000 Philippine households, while avoiding more than 570,000 tons of CO2 emissions annually, equivalent to removing around 125,000 vehicles from the road or planting 9.5 million trees. The project is also expected to save an estimated 830 million litres of water per year compared to conventional energy generation. 

“Achieving financial close for the Ixus Bugallon Solar Power Project reflects the continued confidence of our banking partners in Vena Energy’s ability to develop, finance and deliver large-scale renewable energy infrastructure. As the Philippines advances its clean energy transition, we remain committed to mobilising long-term capital for projects that strengthen energy security and deliver lasting value to communities and stakeholders.”, said Simone Grasso, Chief Investment Officer of Vena Group and Global Head of Vena Nexus

The project secured approximately USD 310 million in senior debt financing from a syndicate of eight international banks: BNP Paribas, Crédit Agricole Corporate and Investment Bank, DBS Bank Ltd., ING Bank N.V., Intesa Sanpaolo S.p.A., MUFG Bank Ltd., Standard Chartered Bank, and Sumitomo Mitsui Banking Corporation.  

The financing marks another significant mobilisation of international bank capital into the Philippine renewable energy sector, reflecting Vena Energy’s ability to develop high-quality, bankable projects that attract long-term international funding. 

Vena Energy, the renewable energy arm of Vena Group, announced the successful financial close of the 500 MWp Ixus Bugallon Solar Power Project in Bugallon, Pangasinan, Philippines. 

The project represents another significant milestone in Vena Energy’s continued investment in the Philippines renewable energy sector. Located adjacent to the existing 550 MWp Bugallon Solar Power Project also developed by Vena Energy, the Ixus Bugallon Solar Power Project will increase Vena Energy’s capacity in Pangasinan to approximately 1 GWp upon completion, further strengthening one of the country’s largest solar development clusters. Awarded under the Philippine Department of Energy’s second Green Energy Auction Program (GEAP 2), the project supports the country’s renewable energy ambitions and reinforces Vena Energy’s commitment to clean energy transition in the Philippines.  

Once operational, the project is expected to generate enough renewable power to supply the equivalent annual electricity needs of approximately 650,000 Philippine households, while avoiding more than 570,000 tons of CO2 emissions annually, equivalent to removing around 125,000 vehicles from the road or planting 9.5 million trees. The project is also expected to save an estimated 830 million litres of water per year compared to conventional energy generation. 

“Achieving financial close for the Ixus Bugallon Solar Power Project reflects the continued confidence of our banking partners in Vena Energy’s ability to develop, finance and deliver large-scale renewable energy infrastructure. As the Philippines advances its clean energy transition, we remain committed to mobilising long-term capital for projects that strengthen energy security and deliver lasting value to communities and stakeholders.”, said Simone Grasso, Chief Investment Officer of Vena Group and Global Head of Vena Nexus

The project secured approximately USD 310 million in senior debt financing from a syndicate of eight international banks: BNP Paribas, Crédit Agricole Corporate and Investment Bank, DBS Bank Ltd., ING Bank N.V., Intesa Sanpaolo S.p.A., MUFG Bank Ltd., Standard Chartered Bank, and Sumitomo Mitsui Banking Corporation.  

The financing marks another significant mobilisation of international bank capital into the Philippine renewable energy sector, reflecting Vena Energy’s ability to develop high-quality, bankable projects that attract long-term international funding.