1.45 (0.57%) Power Grid Corporation of India, pursuant to its selection as the successful bidder under Tariff based competitive bidding, has acquired ER NER Transmission (ETL), the Project SPV to establish Inter-State Transmission System for System Strengthening Scheme for Eastern and North Eastern Regions, on build, own, operate and transfer (BOOT) basis from the Bid Process Coordinator - REC Power Development and Consultancy.
The Inter State Transmission System comprises of Upgradation works at 400/132kV Banka (Bihar) with implementation schedule of 24 months and establishment of 220kV D/C Transmission lines passing through the states of Assam & Arunachal Pradesh and bays extension works with implementation schedule of 36 months.
Power Grid Corporation of India is an Indian state-owned electric utilities company headquartered in Gurgaon, India.