State-owned Power Grid Corporation of India Ltd on Monday (November 25) said it has been declared the successful bidder for the transmission system for evacuation of power from a project spanning Rajasthan and Uttar Pradesh.
"...this is to inform that Power Grid Corporation of India Limited has been declared as the successful bidder under Tariff based competitive bidding to establish an Inter-State transmission system for the project namely “Transmission System for evacuation of power from Rajasthan REZ Ph-IV (Part-4: 3.5 GW): Part A” on the build, own, operate and transfer (BOOT) basis," Power Grid Corporation of India said in a regulatory filing
The award, granted under tariff-based competitive bidding (TBCB), will be executed on a build, own, operate, and transfer (BOOT) basis. Power Grid received the letter of intent (LoI) for the project on November 25, 2024.
The project, across Rajasthan and Uttar Pradesh, includes the establishment of a 765/400 kV substation near Ghiror in Mainpuri, Uttar Pradesh, along with 765 kV and 400 kV transmission lines, and augmentation and bay extension works at existing and under-construction substations in both states.
"The project comprises of establishment of 765/400kV sub-station at a suitable location near Ghiror (Distt. Mainpuri) in the State of Uttar Pradesh, 765kV & 400kV Transmission lines traversing in the States of Rajasthan & Uttar Pradesh, augmentation and bay extension works at under-construction and existing sub-stations in the States of Rajasthan & Uttar Pradesh," the company said.
Shares of Power Grid Corporation of India Ltd ended at ₹342.85, up by ₹5.85, or 1.74%, on the BSE.
