Power Grid Corporation Of India Ltd.

BSE: 532898 | NSE: POWERGRID
Large Cap | Power Generation/Distribution
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Power Grid emerges as successful bidder under TBCB

Date: 05-12-2023

Power Grid Corporation of India has been declared as successful bidder under Tariff Based Competitive Bidding (TBCB) to establish Inter-State Transmission System Project 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.

The Letter of Intent (LoI) has been received by the company on December 4, 2023. The aforesaid 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.