Power Grid Wins Bids For ISTS Transmission Line Between Rajasthan-Delhi

Power Grid Wins Bids For ISTS Transmission Line Between Rajasthan-Delhi

Electricity transmission company Power Grid Corporation Of India (Power Grid) was declared a successful bidder under a tariff based competitive bidding (TBCB) for a transmission project in Rajasthan. A Letter of Intent (LoI) issued on dated 29th December 2023, which has been received by Power Grid Corporation of India Limited on 1st January 2024.

“In terms of Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, this is to inform that Power Grid Corporation of India Limited has been declared as successful bidder under Tariff Based Competitive Bidding to establish Inter-State Transmission System for “Transmission system for evacuation of power from REZ in Rajasthan (20GW) under Phase-III Part D – Phase I” on Build, Own Operate and Transfer (BOOT) basis,” the firm said.

“The scope of the project comprises establishment of 02 nos. 765kV D/C transmission lines traversing in Rajasthan and Delhi alongwith associated bays extension works at existing substations located in Rajasthan and Delhi,” it said. 

Last year, Power Grid, emerged as the successful bidder under tariff based competitive bidding, for the acquisition of Ananthpuram Kurnool Transmission Limited to establish transmission scheme for solar energy zone in Ananthpuram (Ananthapur) (2500 MW). It has also bagged Kurnool (1000 MW) project in Andhra Pradesh. The project is on build, own, operate and transfer (BOOT) basis and has been awarded by PFC Consulting Limited.

The Power Grid Corporation of India recently decided to commission an 85 MW solar project at Nagda in Madhya Pradesh. This is against the prime work of power transmission by the state-owned company. In its latest self-disclosure to the Bombay Stock Exchange (BSE), the firm talked about the approval of the Board over the plan.

The project is valued at INR 554.91 crore. It is slated for commissioning within ten months from the date of the award. The solar project will also entail an additional five-year operation and maintenance phase.