PowerGrid

acquires Ramgarh

New Transmission

under TBCB

PowerGrid acquires Ramgarh New Transmission under TBCB
PowerGrid acquires Ramgarh New Transmission under TBCB PowerGrid acquires Ramgarh New Transmission under TBCB

Acquisition the first in the series of 5 projects

Thesynergyonline Corporate Bureau

GURUGRAM, MARCH 15 : On Power Grid Corporation of India Limited (PowerGrid) being declared successful bidder on March 9, 2021 as under tariff-based based competitive bidding (TBCB) has acquired Ramgarh New Transmission Limited (RNTL) which is the project company to establish Transmission System Strengthening Scheme for evacuation of power from solar energy zones, in Rajasthan (8.1 GW) under phase II – Part A.

The project comprises establishment of 400/220 kV new sub-station, 400 kV D/C transmission lines and associated sub-station extension works under build, own, operate and maintain (BOOM) basis for 35 years.

The project comprises establishment of 400/220 kV new sub-station, 400 kV D/C transmission lines and associated sub-station extension works under build, own, operate and maintain (BOOM) basis for 35 years.

The transmission system is an Inter State Transmission System project situated in state of Rajasthan and is scheduled to be completed in 18 months.

In the financial year 2020-21, bidding for five Inter State Transmission Projects have been undertaken till date and PowerGrid has been declared as the successful bidder in all the five projects.

Acquisition of Ramgarh New Transmission Limited is the first in the series of five projects and acquisition of the remaining four project companies is underway.

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