Wednesday, August 10, 2022

After acquisition of RNTL, Power Grid acquires BBTL in Rajasthan

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  • Power Grid on a spree of acquisition of power projects/ companies

  • After the acquisition of RNTL, Power Grid acquires BBTL in Rajasthan, 3 more acquisitions underway

New Delhi: The state-run Maharatna Power PSU on Friday said that it has acquired Bikaner-II Bhiwadi Transco Limited (BBTL) under the tariff-based competitive bidding (TBCB). BBTL is the project company to establish the Transmission System Strengthening Scheme for evacuation of power from solar energy zones, in Rajasthan (8.1 GigaWatt) under phase II – Part F.

The project comprises of 400 KiloVolt (kV) Double Circuit (D/C) Transmission lines which traverse in Rajasthan and Haryana with the establishment of a new 400 kV switching substation, STATCOM, and sub-station extension work in Rajasthan under build, own, operate and maintain (BOOM) basis for 35 years. The project is an inter-state transmission system project in the states of Rajasthan and Haryana and is scheduled to be completed in 18 months.

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2. Power Grid acquires Ramgarh New Transmission Ltd

During the FY 2020-21, bidding for five inter-state transmission projects have been undertaken till date and Power Grid has been declared as the successful bidder in all five projects.

Acquisition of Bikaner-II Bhiwadi Transco Limited is the second in the series of five projects and acquisition of the remaining three project companies is underway.

(PSU Watch– India's Business News centre that places the spotlight on PSUs, Bureaucracy, Defence and Public Policy is now on Telegram & Twitter as well. Join PSU Watch Channel in your Telegram and follow us on Twitter to stay updated)

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