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Power Grid Corporation of India secures transmission project

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Capital Market

Receives LoI on 29 October 2015

Power Grid Corporation of India announced that it has been selected as the successful bidder under tariff based competitive bidding to establish Transmission System for "Strengthening of Transmission System Beyond Vemagiri" Project on build, own operate and maintain (BOOM) basis. The Letter of Intent (Lol) has been received on 29 October 2015.

The transmission project comprising 765 kV & 400 kV, D/C transmission lines is to traverse the states of Andhra Pradesh, Telangana & Karnataka and include establishment of one 765/400 kV Substation in the state of Andhra Pradesh.

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First Published: Oct 31 2015 | 5:47 PM IST

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