Power Grid acquires 'Bhadla-III & Bikaner-III Transmission' through competitive bidding

New Delhi: Power Grid Corporation of India Limited (PGCIL), a Maharatna CPSU under Ministry of Power, has acquired “Bhadla-III & Bikaner-III Transmission Limited”, the project special purpose vehicle (SPV) for the transmission system project for system strengthening for interconnections of Bhadla-III & Bikaner-III Complex on August 30. It was acquired from the PFC Consulting Limited (PFCCL), the bid process coordinator, after competing with various private sector players and emerging as successful bidder in tariff-based competitive bidding (TBCB) process.

PSU Watch is now on Whatsapp Channels. Click here to join

Bhadla-III & Bikaner-III Transmission shall implement a transmission system comprising 765kV D/C transmission line interconnecting Bhadla-III & Bikaner-III substations and associated bays extension works at these substations in the state of Rajasthan. The transmission system is an inter-state transmission system project and is to be commissioned in 24 months.

This high-capacity tie interconnection between Bhadla-III and Bikaner-III PS shall provide flexibility of power transfer from Bhadla/Bikaner RE clusters as well as increase resiliency of transmission corridor in both the complexes. Further, the aforementioned project shall also help in meeting additional evacuation requirement from Bhadla-III PS onwards for some RE generators coming up in the future years.

Power Grid, 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 will augment the Indian transmission infrastructure to evacuate green energy to the national grid thereby reducing dependency on fossil fuels, in line with Government’s vision of achieving 500 GW renewable energy target by year 2030.

As on July 31, Power Grid has commissioned and is operating 278 Sub-stations and more than 1,77,790 ckm transmission lines and 532,446 MVA of transformation capacity. With the adoption of the latest technological tools and techniques, enhanced use of automation and digital solutions, Power Grid has been able to maintain average transmission system availability more than 99.8 percent.

(PSU Watch– India's Business News centre that places the spotlight on PSUs, Bureaucracy, Defence and Public Policy is now on Google News. Click here to follow. Also, join PSU Watch Channel in your Telegram. You may also follow us on Twitter here and stay updated.)