Power Grid Corporation Of India Ltd.

Power Grid Corporation of India (PGCIL) has acquired Vizag Transmission, the special purpose vehicle, to establish the transmission system for system strengthening in Southern Region for import of power from Eastern Region on 'build, own, operate and maintain' (BOOM) basis on August 30, 2013 from REC Transmission Projects Company (the bid process coordinator). The company has taken this step pursuant to its selection as the successful bidder under Tariff based competitive bidding.

Power Grid Corporation of India is India’s principal electric power transmission company. It owns and operates most of India’s interstate and inter-regional electric power transmission systems with inter-regional power transfer capacity of about 20,800 MW and wheels nearly 45% of total power generated across India.