Powergrid Wins Bid To Boost ISTS RE Transmission Lines

Powergrid Wins Bid To Boost ISTS RE Transmission Lines

In a further boost to the expansion of Inter-State Transmission System (ISTS) renewable transmission lines, Powergrid has bagged a project to augment transmission lines in Rajasthan. The Central Public Sector Enterprise shared the development in its latest filing before BSE.

The public sector enterprise was declared a successful bidder for the same under a Tariff-based bidding. “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 the successful bidder under Tariff based competitive bidding to establish Inter-State  transmission system for the project namely “Transmission System for evacuation of power from Rajasthan REZ Phase IV (Part 2: 5.5 GW) (Jaisalmer/ Barmer Complex): Part H1” on build, own  operate and transfer (BOOT) basis,” it said in its filing.

Powergrid said that the Letter of Intent (LoI) has been received by Power Grid Corporation of India Limited on September 18, 2024. “The project comprises establishment of new 765/400/220kV sub-station at Kurawar,  765kV & 400kV D/C Transmission Lines and associated bays extension works at other existing substation in the State of Madhya Pradesh,” it added. 

POWERGRID, through its various Projects SPVs which have been acquired through tariff bidding route, is implementing various Transmission System Projects being constructed on build, own, operate and transfer (BOOT) basis. These projects are likely augment the Indian transmission infrastructure to evacuate Green Energy to the National Grid thereby reducing dependency on fossil fuels, in line with Government of India’s vision of achieving 500 GW renewable energy target by year 2030.