Power Grid Corporation of India, pursuant to its selection as the successful bidder under Tariff based competitive bidding, has acquired Vataman Transmission (VTL), the Project SPV on December 26, 2023, to establish Transmission System for ‘Transmission system for evacuation of additional 7 GW of RE power from Khavda RE park under Phase III Part B’, on build, own, operate and transfer (BOOT) basis from the Bid Process Coordinator - PFC Consulting. Vataman Transmission is engaged in the business as that of Power Grid i.e. transmission of power.
The Project comprises establishment of a new 765/400kV switching station at Vataman in Ahmedabad district, 3 nos. of 765kV D/c transmission lines (including a LILO line) traversing in the state of Gujarat as well as extension works at Navsari and Halvad substations.
Power Grid Corporation of India is an Indian state-owned electric utilities company headquartered in Gurgaon, India.
