Power Grid Corporation of India, pursuant to its selection as the successful bidder under Tariff based competitive bidding, has acquired Sikar New Transmission (SNTL), the Project SPV to establish Transmission system strengthening scheme for evacuation of power from solar energy zones in Rajasthan (8.1 GW) under phase II – Part C, on build, own, operate and maintain (BOOM) basis from the Bid Process Coordinator - REC Power Distribution Company.
The Transmission system comprises establishment of a new 765/400kV Substation at Sikar-II, 765kV D/C Transmission line, 400kV D/C Transmission line and associated Substation extension works in the State of Rajasthan. The transmission system is an Inter State Transmission System Project and is to be completed in 18 months.
Power Grid Corporation of India is an Indian state-owned electric utilities company headquartered in Gurgaon, India.
