Power Grid Corporation of India has acquired Lakadia C Power Transmission, the Project SPV to establish inter-state transmission system for the project namely ‘Common Transmission System for evacuation of power from Lakadia (Phase-II: 7.5GW), Jam Khambhaliya (Phase-II: 5.5GW) and Jamnagar (Phase-I: 1GW) - Part-C’, on build, own, operate and transfer (BOOT) basis from the Bid Process Coordinator - PFC Consulting (PFCCL).
The project comprises establishment of new 765/400/220 kV Alephata Sub-station in the state of Maharashtra. Further, the project also involves construction of 765 kV and 400 kV transmission lines traversing through the state of Maharashtra along with the associated equipment and bays.
The cost of acquisition is Rs 19.94 crore, including 10,000 equity shares at par at Rs 10 each, along with the assets and liabilities of Lakadia C Power Transmission. However, the acquisition price is subject to adjustment based on the audited accounts of the Company as on the acquisition date.
Power Grid Corporation of India is mainly engaged in the business of transmission of power through its EHVAC/HVDC transmission network. The company has provided/providing consultancy services to domestic and international clients by leveraging its capability and experience in the field of power transmission, sub transmission, distribution management, load dispatch & communication etc.
