Power Grid Corporation emerges as successful bidder for Rajasthan project

2 Mar 2022 , 10:00 AM

Power Grid Corporation of India Limited has been declared as the successful bidder under Tariff Based Competitive Bidding to establish Transmission System for “System Strengthening Transmission Scheme for evacuation of power from solar energy zones in Rajasthan (8.1GW) under Phase-II -Part-G” on build, own, operate and maintain (BOOM) basis.

Further, the Letter of Intent (LoI) dated February 28, 2022 has been issued to Power Grid Corporation of India Limited. The Transmission system comprises establishment of a new 765/400kV GIS Substation at Narela (NCT of Delhi) and 765kV D/C Transmission Lines in Rajasthan, Haryana and NCT of Delhi, said Company in a regulaory filing.

At around 10:02 AM, Power Grid Corporation was trading at Rs209.05 apiece down by Rs0.15 or 0.07% on Sensex.