INSUBCONTINENT EXCLUSIVE:
According to the statement, the bid process coordinator for the two SPVs is PFC Consulting Ltd (PFCCL), which conducted a tariff-based
competitive bidding.1 min read Last Updated Aug 22 2024 | 10:53 PM IST
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.
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.)First Published: Aug 22 2024 | 10:53 PMIST
