Business Standard

Power Grid acquires two project special purpose vehicles from PFCCL

The two SPVs are Sirohi Transmission Ltd and Beawar-Mandsaur Transmission Ltd, a company statement said

power demand energy sector electricity

According to the statement, the bid process coordinator for the two SPVs is PFC Consulting Ltd (PFCCL), which conducted a tariff-based competitive bidding.

Press Trust of India New Delhi

Listen to This Article

Power Grid Corp on Thursday said it has acquired 2 project special purpose vehicles from PFC Consulting Ltd.

The two SPVs are Sirohi Transmission Ltd and Beawar-Mandsaur Transmission Ltd, a company statement said.

Click here to connect with us on WhatsApp

Sirohi Transmission shall implement a system comprising establishment of new 765/400 kV sub-station near Sirohi in Rajasthan, 765kV & 400kV D/C transmission lines and associated bays extension works at existing substation in the state.

Beawar-Mandsaur Transmission shall implement a system comprising establishment of 765kV D/C transmission line and associated bays extension works at existing sub-station in Rajasthan and Madhya Pradesh.

 

Both transmission systems are to be commissioned in 24 months.

According to the statement, the bid process coordinator for the two SPVs is PFC Consulting Ltd (PFCCL), which conducted a tariff-based competitive bidding.

POWERGRID, through its various project SPVs, is implementing transmission system projects being constructed on build, own, operate and transfer (BOOT) basis.

These projects will augment the Indian transmission infrastructure to evacuate green energy to the National Grid, thereby reducing dependency on fossil fuels, in line with the government's vision of achieving 500 GW renewable energy target by 2030.


(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Aug 22 2024 | 10:53 PM IST

Explore News