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Power Grid Corporation of India acquires Unchahar Transmission

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Capital Market

With effect from 24 March 2014

Power Grid Corporation of India has announced that pursuant to its selection as the successful bidder under Tariff based competitive bidding, it has acquired Unchahar Transmission (UNCHAHAR TL), the Special Purpose Vehicle to establish the transmission system for ATS of Unchahar TPS on build, own operate and maintain (BOOM) basis on 24 March 2014 from REC Transmission Projects Company (the bid process cordinator).

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First Published: Mar 25 2014 | 12:49 PM IST

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