Power Grid Acquires SPV for Bhadla-III Power Evacuation

Aug 28, 2024 19:47

Power Grid Corporation of India has acquired a special purpose vehicle (SPV) for the evacuation of power from the Bhadla-III power station in Rajasthan, India. The project involves establishing a transmission system to facilitate the evacuation of power from the Bhadla-III power station as part...

Photograph: Courtesy Power Grid Corporation

New Delhi, Aug 28 (PTI) Power Grid on Wednesday said it has acquired a project-specific special purpose vehicle for evacuation of power from Bhadla-III power station in Rajasthan.

In a BSE filing, Power Grid said it emerged as the successful bidder for the said project after competing with other private sector players in a tariff-based competitive bidding (TBCB) process.

"Power Grid has acquired Bhadla-III Power Transmission for establishing the transmission system associated with additional transmission system for evacuation of power from Bhadla-III PS as Part of Rajasthan REZ Phase-III Scheme (20 GW)," it said.

The Project is an Inter State Transmission System Project and is to be commissioned in 18 months from the date of transfer of the SPV.

Source: PTI

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Power Grid Acquires SPV for Bhadla-III Power Evacuation

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