New Delhi: Power Grid Corporation of India on Thursday said it has been declared as the successful bidder for a transmission project in Gujarat.
The company has emerged the preferred bidder against a tariff-based competitive bidding, it said in an exchange filing.
It will set up an inter-state transmission system for evacuation of power from potential renewable energy zone in Khavda area of Gujarat under Phase-IV (7GW) on build, own, operate and transfer (BOOT) basis.
Power Grid received the Letter of Intent (LoI) on September 19, 2024.
The project comprises establishment of new sub-station and associated bays extension works.
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