POWERGRID bags 3 SPVs through TBCB for transmission system projects
The SPVs are Bhadla Sikar Transmission Limited, Dharamjaigarh Transmission Limited, and Raipur Pool Dhamtari Transmission Limited.
The project comprises 400 KiloVolt (kV) Double Circuit (D/C) Transmission lines that traverse in Rajasthan and Haryana.
State-run Power Grid Corporation of India Ltd. (POWERGRID) on Thursday announced that it has acquired Bikaner-II Bhiwadi Transco Ltd. (BBTL) which would implement a power transmission project.
The acquisition took place under “Tariff Based Competitive Bidding (TBCB) which is the project company to establish a Transmission System Strengthening Scheme for evacuation of power from solar energy zones, in Rajasthan (8.1 GigaWatt) under phase II – Part F,” power Grid said in a statement.
“The project comprises of 400 KiloVolt (kV) Double Circuit (D/C) Transmission lines which traverse in Rajasthan and Haryana with the establishment of a new 400 kV Switching sub-station, STATCOM, and substation extension works in Rajasthan under build, own, operate and maintain (BOOM) basis for 35 years,” it added.
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The project is an Inter-State Transmission System project in the states of Rajasthan and Haryana and is scheduled to be completed in 18 months.
During the FY 2020-21, bidding for five Inter-State Transmission projects have been undertaken to date and POWERGRID has been declared as the successful bidder in all five projects.
Acquisition of Bikaner-II Bhiwadi Transco Limited is the second in the series of five projects and acquisition of the remaining three project companies is underway, it said.
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