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Power Grid acquires project-specific SPV for power evacuation in Rajasthan

In a BSE filing, Power Grid said it emerged as the successful bidder for the said project after competing with other private sector players in a tariff-based competitive bidding

Power grid
The Project is an Inter State Transmission System Project. | Representative photo: Shutterstock
Press Trust of India New Delhi
1 min read Last Updated : Aug 28 2024 | 9:09 PM IST

Power Grid on Wednesday said it has acquired a project-specific special purpose vehicle for evacuation of power from Bhadla-III power station in Rajasthan.

In a BSE filing, Power Grid said it emerged as the successful bidder for the said project after competing with other private sector players in a tariff-based competitive bidding (TBCB) process.

"Power Grid has acquired Bhadla-III Power Transmission 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)," it said.

The Project is an Inter State Transmission System Project and is to be commissioned in 18 months from the date of transfer of the SPV.


(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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Topics :Power GridPower Grid CorprajasthanBSE

First Published: Aug 28 2024 | 9:09 PM IST

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