Power Grid Corporation of India, pursuant to its selection as the successful bidder under Tariff based competitive bidding, has acquired Beawar Dausa Transmission (BDTL), the Project SPV on October 30, 2023, to establish Transmission System for 'Transmission system for evacuation of power from REZ in Rajasthan (20GW) under Phase-III Part H', on build, own, operate and transfer (BOOT) basis from the Bid Process Coordinator - PFC Consulting.
The Project comprises of establishment of new 765/400kV substation at suitable location near Dausa and 400kV & 765kV D/C Transmission Lines traversing in the state of Rajasthan and associated bay extension works. The entity was acquired for an aggregate value of about Rs 21.37 crore including 10,000 equity shares at par at Rs 10 each along with assets and liabilities of the Company.
Power Grid Corporation of India is an Indian state-owned electric utilities company headquartered in Gurgaon, India.
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