Power Grid Corporation of India has acquired two transmission projects in Gujarat, Jam Khambhaliya Transmission Ltd (JKTL) and South Olpad Transmission Ltd (SOTL), through a tariff-based competitive bidding process.
Photograph: Courtesy Power Grid Corporation
New Delhi, Oct 15 (PTI) Power Grid Corporation of India on Tuesday announced acquiring two transmission projects in Gujarat.
It has acquired project-specific SPVs Jam Khambhaliya Transmission Ltd (JKTL) and South Olpad Transmission Ltd (SOTL) through a tariff-based competitive bidding process from bid process coordinator PFC Consulting Ltd (PFCCL), the company informed the exchange.
JKTL will augment the transformation capacity at Jam Khambhaliya power station on a build, own, operate and transfer (BOOT) basis.
While SOTL has been acquired for evacuation of power from potential renewable energy zone in Khavda area of Gujarat under Phase-IV.
Both projects are located in Gujarat.
Powergrid is India's largest electric power transmission utility.
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