Petitioner PSITSL gets disapproval by CERC for Relief under Force Majeure, and Change in Law of TSA to Strengthening

POWERGRID Southern Interconnector Transmission System Limited (PSITSL), (Formerly known as Vemagiri II Transmission Limited), B-9, Qutab Institutional Area, Katwaria Sarai, New Delhi – 110016

Versus

Southern Power Distribution Company of Andhra Pradesh Limited (APSPDCL) and others

Background:

The Petitioner (‘PSITSL’), now a wholly owned subsidiary of Power Grid Corporation of India Limited (‘PGCIL’) was incorporated as a Special Purpose Vehicle (‘SPV’) by the Bid Process Coordinator (‘BPC’), namely REC Transmission Projects Company Limited (now known as ‘REC Power Development and Consultancy Limited/ RECTPCL’) for the purpose of developing and implementing the Project under the Tariff Based Competitive Bidding route.