PGCIL has bagged an inter-state power transmission project under a tariff-based competitive bidding process, which would benefit Rajasthan and MP
State-owned utility Power Grid Corporation of India (PGCIL) has revealed that it has bagged an inter-state power transmission project under a tariff-based competitive bidding process, which would benefit Rajasthan and Madhya Pradesh.
“Power Grid Corporation has been declared as the successful bidder under tariff-based competitive bidding to establish inter-state transmission system associated with LTA (long-term access) applications from Rajasthan SEZ Part-B on a build, own, operate and maintain (BOOM) basis,” according to a BSE filing by the firm.
The letter of intent (LoI) was issued to Power Grid Corporation of India on September 11, 2109, it added. The transmission system comprises a 765-kV DIC Transmission line and associated bays to be established in Rajasthan.
Power Grid also said that after winning the bid, it acquired Bhind Guna Transmission Ltd (BGTL) on September 11, 2019, from REC Transmission Projects Company Ltd (the bid process coordinator).
BGTL is the special purpose vehicle to establish the transmission system for intra-state transmission work associated with the construction of 400-kilovolt (kV) substation near Guna in Madhya Pradesh and intra-state transmission work associated with construction of 220 kV substation near Bhind in Madhya Pradesh, on the BOOM basis.
The system comprises 400 kV, 220 kV and 132 kV transmission lines apart from establishing new 400/220 kV and 220/132 kV substations at Guna and Bhind, respectively.
The transmission system is an intra-state transmission system project in Madhya Pradesh and is to be completed in 36 months, it added.
Last month, we reported that the PGCIL board had approved an investment of Rs 2,578.47 crore for an electricity transmission project for a solar energy zone (SEZ) in Rajasthan.
Earlier in the month, we had reported that the company had been declared the successful bidder under the tariff-based competitive bidding to establish transmission systems for two projects in Gujarat and Rajasthan.
The state-owned utility had won the right to develop transmission systems associated with LTA application from Rajasthan Solar Energy Zone (SEZ) Part – C, on a Build Own Operate and Maintain (BOOM) basis. The transmission system comprises a 765/400 kV substation and 765 kV and 400 kV transmission lines that traverse Rajasthan, Haryana, and Delhi.