The state-owned Power Grid Corporation of India Ltd (POWERGRID) announced its successful bid for a significant transmission project in Rajasthan. The project was secured through a tariff-based competitive bidding process. According to the company’s statement, POWERGRID received a Letter of Intent (LoI) on August 12, 2024, for acquiring the Project Special Purpose Vehicle (SPV) named Bhadla-III Power Transmission Ltd.
This acquisition pertains to the development of a transmission system designed to support the “Additional Transmission System for Evacuation of Power from Bhadla-III Power Station” as part of the Rajasthan Renewable Energy Zone (REZ) Phase-III Scheme, which encompasses 20 GW of power capacity.
POWERGRID emerged victorious in the bidding process after competing against various private sector contenders, demonstrating its competitive edge in the tariff-based competitive bidding (TBCB) arena. The Bhadla-III Power Transmission initiative will focus on enhancing the existing transformation capacity at the Bhadla-III substation in Rajasthan.
This project is designed to significantly upgrade the infrastructure required for the effective evacuation and transmission of electricity generated by the Bhadla-III Power Station. By enhancing the existing capabilities, the initiative supports the state’s broader goals of expanding and optimizing its renewable energy capacity and overall sustainability objectives.
Power Grid Corporation of India Ltd (POWERGRID) is a leading state-owned enterprise specializing in the transmission of electricity across India. As a pivotal player in the nation’s energy sector, POWERGRID operates and maintains a vast network of transmission infrastructure, facilitating the efficient delivery of power. The company’s initiatives are crucial for supporting India’s growing energy demands and renewable energy goals.
