New Delhi: State-owned Power Grid Corporation on Monday said that it has bagged a transmission project in Rajasthan under tariff-based competitive bidding.
"Power Grid Corporation of India Ltd (Power Grid) has on 12th August 2024, received a Letter of Intent (LoI) for acquiring a Project Special Purpose Vehicle (SPV) viz. Bhadla-III Power Transmission Ltd for establishing the transmission system associated with 'Additional Transmission System for Evacuation of Power from Bhadla-III PS as Part of Rajasthan REZ Phase-III Scheme (20 GW)," a company statement said.
The Power Grid emerged as the successful bidder for the aforementioned project after competing with other private sector players and emerging as a successful bidder in a tariff-based competitive bidding (TBCB) process.
Bhadla-III Power Transmission shall implement augmentation of transformation capacity works at existing substation namely Bhadla - III in the state of Rajasthan.
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