Power Grid Shares Surges on Winning Bid For Key Transmission Project in Rajasthan

6 Sep 2023 , 11:54 AM

Power Grid Corporation of India Limited’s shares rose by over 1% to Rs 257 in early trade on September 6, following its successful bid for an Inter-State transmission system project. The project focuses on establishing a new electrical station in Dausa, Rajasthan, which can handle high voltage of about 765/400kV.

This project also entails the construction of a transmission line at the Dausa station and connecting it to existing electrical lines. Additionally, there will be expansion work on the bays (sections) at this station to accommodate the new equipment and connections.

In August, the PSU was declared the successful bidder for several inter-state transmission system projects. Among these projects is the transmission system for evacuating power from renewable energy zones in Rajasthan (20GW) under Phase III Part B1. It involves setting up a 765/400/220 kV pooling station at Bhadla-3 and a 765 kV D/C transmission line across Rajasthan, along with associated bay extension works.

The other project is a transmission scheme for a solar energy zone in Ananthapuram (2,500 MW) and Kurnool (1,000 MW), Andhra Pradesh. It includes constructing a 400/220 kV pooling station at a suitable border location between Ananthapuram and Kurnool, as well as establishing two 400 kV D/C transmission lines in Andhra Pradesh, along with associated bay extension works.

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