Companie

PGCIL acquires RNTL in Rajasthan

Our Burea New Delhi | Updated on March 15, 2021

Solar power may match coal’s share in the energy mix within two decades, but India will need a whole host of technologies and policies to chart this new path   -  REUTERS

Power Grid Corporation of India Ltd (PGCIL) has acquired Ramgarh New Transmission Ltd (RNTL), which is expanding Rajasthan’s transmission system for discharging power from solar energy zones in the state.

PGCIL was declared as the successful bidder in a tariff-based reverse auction, the company said on Monday.

The Rajasthan project comprises establishment of 400/220 kV new sub-station, 400 kV D/C transmission lines and associated sub-station extension works under a build-own-operate-and-maintain basis for 35 years. The transmission system is an inter-state transmission system project scheduled to be completed in 18 months.

During the ongoing financial year, PGCIL has undertaken bidding for five ISTS projects and successfully won all of them.

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Published on March 15, 2021
merger, acquisition and takeover
solar
Power Grid Corporation of India Ltd
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