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.
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