By Moneyvesta posted on November 26th, 2024

Power Grid emerges as successful bidder to establish inter-state transmission system.

Power Grid Corporation of India has been declared as the successful bidder under Tariff based competitive bidding to establish Inter-State transmission system for the project namely ‘Transmission System for evacuation of power from Rajasthan REZ Ph-IV (Part-4: 3.5 GW): Part A’ on build, own, operate and transfer (BOOT) basis. The Letter of Intent (LoI) has been received by Power Grid Corporation of India on November 25, 2024.

The project comprises of establishment of 765/400kV sub-station at a suitable location near Ghiror (District Mainpuri) in the State of Uttar Pradesh, 765kV & 400kV Transmission lines traversing in the States of Rajasthan & Uttar Pradesh, augmentation and bay extension works at under-construction and existing sub-stations in the States of Rajasthan & Uttar Pradesh.

Power Grid Corporation of India is an Indian state-owned electric utilities company headquartered in Gurgaon, India.

Source: Ace Equity

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