Powergrid Acquires Khavda V A Power Transmission Project

Nov 20, 2024 19:40

Powergrid has acquired the Khavda V A Power Transmission project, the first HVDC project awarded through tariff-based competitive bidding. The project, with an estimated cost of Rs 24,819 crore, is part of a scheme to evacuate 8 GW of renewable energy from Gujarat.

New Delhi, Nov 20 (PTI) Power Grid Corporation of India Ltd (Powergrid) on Wednesday said it has acquired Khavda V A Power Transmission project through the tariff-based competitive bidding route.

Khavda V A Power Transmission is the first-ever high voltage direct current (HVDC) project to be tendered through a tariff-based competitive bidding (TBCB) process, Powergrid said in a statement.

The project, with an estimated cost of Rs 24,819 crore as per NCT (the National Committee for Transmission), is part of the scheme designed for evacuating 8 GW of renewable energy under Phase V: Part A from the Khavda Renewable Energy Zone in Gujarat.

The Khavda Renewable Energy Zone is one of the largest RE zones in the country.

Source: PTI

MORE NEWS

DRI Seizes Red Sanders Worth Rs 6.26 Cr, 4...

DRI seizes 15 MT of red sanders worth Rs 6.26 crore in Delhi, arrests 4. Illegal export...

UAE Fund to Invest ₹1,000 Cr in Kerala Startups

UAE-based Feeder Fund to invest ₹1,000 crore in Kerala startups over 3 years. Boost...

ECL Aims for 58 MT Output, Mine Closures Planned

Eastern Coalfields Ltd (ECL) targets 58 MT output, plans closure of six underground...

India: Export Potential in Russia

300 Indian products have huge export potential in Russia. Engineering, pharma, agri,...

Gold & Silver Rally: Inflation Data in Focus

Gold and silver prices rally amid inflation data focus. Analysts eye central bank...

India Ranks 3rd in Global AI Vibrancy Index

India ranks 3rd in Stanford University's Global AI Vibrancy tool, surpassing advanced...

EPFOA Urges CPFC: Equip Offices for Compliance

EPFOA urges CPFC to equip field offices with authority & tools to handle default &...

TV Prices to Rise in January: Chip Shortage &...

TV prices are expected to increase in January due to memory chip shortages and a...

India Gems & Jewellery Exports Up 20% in November

India's gems and jewellery exports grew 20% to USD 2.5 billion in November, says GJEPC....

Navi Mumbai Airport: 3rd Runway Feasibility Study

CIDCO invites bids for a consultant to study the feasibility of a third runway at Navi...

Powergrid Acquires Khavda V A Power Transmission Project

You May Like To Read

MORE NEWS