Power Grid Corporation of India announced the acquisition of two transmission projects in Gujarat on Tuesday. The company 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).
JKTL will augment the transformation capacity at the Jam Khambhaliya power station on a build, own, operate, and transfer (BOOT) basis, while SOTL has been acquired for the evacuation of power from a potential renewable energy zone in the Khavda area of Gujarat under Phase-IV. Both projects are located in Gujarat. Power Grid is India’s largest electric power transmission utility.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
Find the best of Al News in one place, specially curated for you every weekend.
Stay on top of the latest tech trends and biggest startup news.
