-1.70 (-0.66%) Power Grid Corporation of India has been declared as successful bidder under Tariff Based Competitive Bidding (TBCB) to establish Inter-State Transmission System Project namely 'Transmission system for evacuation of power from REZ in Rajasthan (20 GW) under Phase-III Part H' on Build, Own, Operate and Transfer (BOOT) basis. The Letter of Intent (LoI) has been received by the company on September 04, 2023.
The project comprises establishment of a new 765/400kV substation at Dausa, one 765kV D/C Transmission Line, LILO of both circuits of one 765kV D/C Line and LILO of both circuits of one 400kV D/C line at new 765/400kV substation in the state of Rajasthan and associated bay extension works.
Power Grid Corporation of India is an Indian state-owned electric utilities company headquartered in Gurgaon, India.