Power Grid Corporation acquires Sikar-II Aligarh Transmission

Power Grid Corporation, pursuant to its selection as the successful bidder under Tariff based competitive bidding, has acquired Sikar-II Aligarh Transmission (SATL), the Project SPV to establish Transmission System Strengthening Scheme for Evacuation of Power from Solar Energy Zones in Rajasthan (8.1 GW) under Phase-II Part-D, on build, own, operate and maintain (BOOM) basis from the Bid Process Coordinator - PFC Consulting.

The Transmission system comprises establishment of a 765kV D/C Transmission line, and substation extension works in Rajasthan and Uttar Pradesh. The transmission system is an Inter State Transmission System Project and is to be completed in 18 months.

Power Grid Corporation of India is an Indian state-owned electric utilities company headquartered in Gurgaon, India.