Power Grid bags Bhadla-III Power Transmission Ltd

New Delhi: State-owned Power Grid Corporation on Monday said that it has bagged a transmission project in Rajasthan under tariff-based competitive bidding.

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

"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.

(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.)