Power Grid and RRVPNL Form ₹10,000 Crore JV for Rajasthan Transmission Projects

12 Mar 2024 , 02:38 PM

Power Grid has signed an MoU with Rajasthan Rajya Vidyut Prasaran Nigam Ltd (RRVPNL) to establish a joint venture for intra-state transmission projects valued at ₹10,000 Crore.

The proposed JV will execute projects in Rajasthan in a phased manner, as per a BSE filing by Power Grid Corporation of India on March 10, 2024.

According to the MoU, Power Grid will hold a 74% stake in the joint venture, while RRVPNL will have a 26% stake.

Power Grid Corporation of India is a central public sector undertaking under the Ministry of Power, primarily involved in bulk power transmission across various states. RRVPNL is a public sector undertaking in Rajasthan.

Power Grid transmits approximately 50% of India’s total generated power through its transmission network. The headquarters of Power Grid Corporation of India Limited is located in Gurugram.

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