Power Grid emerges as successful bidder for inter-state transmission project

New Delhi: Power Grid Corporation of India Limited (PGCIL) on Wednesday said it has emerged as successful bidder to set up an inter-state transmission project.

The company has received a Letter of Intent (LoI) in this regard on Tuesday, Power Grid said in an exchange filing.

"Powergrid has been declared as successful bidder to establish Inter-State Transmission System (ISTS) project for transmission scheme for integration of renewable energy zone (phase-II) in Koppal-II (phase-A & B) and Gadag-II (phase-A) in Karnataka on Build, Own, Operate and Transfer basis," it said.

The project has been secured under tariff-based competitive bidding, the filing said.

The project comprises establishment of a new 765/400kV Koppal-II pooling station, a new 400/220kV Gadag-II pooling station, two 765kV D/c transmission lines and one 400kV D/c transmission line traversing in the state of Karnataka besides associated bay extension works at Narendra and Raichur substations.

(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.)