-1.65 (-0.64%) Power Grid Corporation of India has been declared as successful bidder under Tariff Based Competitive Bidding (TBCB) for the two Inter-State Transmission System Projects under Build, Own Operate and Transfer (BOOT) basis. The first project is Transmission system for evacuation of power from REZ in Rajasthan (20GW) under Phase III Part B1. The project comprises of establishment of a new 765/400/220 kV Pooling Station at Bhadla-3 and a 765 kV D/C Transmission Line traversing in the state of Rajasthan and associated bay extension works.
The second project is Transmission Scheme for Solar Energy Zone in Ananthpuram (Ananthapur) (2500 MW ) and Kurnool (1000 MW), Andhra Pradesh. The project comprises of establishment of a new 400/220 kV Pooling Station at a suitable border location between Ananthpuram & Kurnool (in Andhra Pradesh) and 02 nos. of 400 kV D/C Transmission Line traversing in the state of Andhra Pradesh and associated bay extension works. The Letters of Intent (LoIs) for both the projects have been received by Power Grid Corporation of India on July 28, 2023.
Power Grid Corporation of India is an Indian state-owned electric utilities company headquartered in Gurgaon, India.