Power Grid Corporation of India (Powergrid) has won a bid to build a transmission system in Gujarat for renewable energy evacuation. The project will be on a BOOT basis.
New Delhi, Oct 24 (PTI) Power Grid Corporation of India (Powergrid) on Thursday said it has emerged as the successful bidder for a transmission project in Gujarat.
The project has been secured through a tariff-based competitive bidding process, the company said in an exchange filing.
"It has been declared as the successful bidder to establish inter-state transmission system for evacuation of power from potential renewable energy zone in Khavda under Phase-V (8 GW): Part A," it added.
The project will be set up on a build, own, operate and transfer (BOOT) basis, the company said.
Under the Ministry of Power, Powergrid is India's largest electric power transmission utility.
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