en.Wedoany.com Reported - PFC Consulting Limited (PFCCL) has recently incorporated Fatehgarh II Transmission Limited as its wholly-owned special purpose vehicle (SPV) to advance a transmission project implemented under the tariff-based competitive bidding (TBCB) model.

The project plans to install two synchronous condenser units at the 765/400/220 kV Fatehgarh-II pooling station. PFCCL has been designated as the bid process coordinator, responsible for selecting the project developer. The SPV will subsequently undertake preliminary project preparations, including conducting surveys, initiating land acquisition, and related approval procedures. Once the successful bidder is determined, the SPV will be transferred entirely to the winning developer, who will be responsible for the subsequent construction and operation of the project.

This synchronous condenser project is India's first inter-state transmission TBCB project solely focused on installing synchronous condensers. Unlike building new transmission lines or substations, synchronous condensers are primarily used to provide reactive power compensation and inertia support to the grid, playing a role in maintaining voltage stability.

The project site is located in the state of Rajasthan, aiming to address the stability requirements of the northern regional grid arising from the high penetration of renewable energy in the area. It is reported that the National Committee on Transmission recommended in September 2025 that PFCCL serve as the bid process coordinator for this project, and the Ministry of Power subsequently issued a formal notification in October 2025 to include this transmission project under the TBCB model.

From the project planning perspective, each synchronous condenser unit will provide a dynamic reactive power support capability of at least +300 MVAr / -200 MVAr and will ensure a minimum short-circuit contribution capacity of at least 1,200 MVA. The commercial operation date for the project is set at 30 months from the effective date of the agreement.

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