Power Grid Acquires SPVs for Key Renewable Energy Transmission Projects

27 Dec 2023 , 11:25 AM

Power Grid Corporation has acquired two special purpose vehicles (SPV) for power transmission projects – Vataman Transmission and Koppal II Gadag II Transmission. The acquisition was made from PFC Consulting, as revealed in separate BSE filings.

The projects were secured by Power Grid Corporation through tariff-based competitive bidding conducted by PFC Consulting.

Koppal II Gadag II Transmission Ltd (KIIGIITL) was acquired to establish a transmission system for the ‘Transmission Scheme for Integration of Renewable Energy Zone (Phase-II) in Koppal-II (Phase-A & B) and Gadag-II (Phase-A) in Karnataka’.

The acquisition of Vataman Transmission Ltd (VTL) is for establishing a transmission system for the ‘Transmission system for evacuation of additional 7 GW of RE power from Khavda RE park under Phase III Part B’.

Both projects operate on a build, own, operate, and transfer (BOOT) basis, as explained in the filings.

For feedback and suggestions, write to us at [e-mail]