Power grid acquires Bhadla-III and Bikaner-III Transmission Ltd

State-owned Power Grid Corporation of India Limited has successfully acquired “Bhadla-III & Bikaner-III Transmission Limited”. This Special Purpose Vehicle (SPV) was acquired from PFC Consulting Limited (PFCCL), the Bid Process Coordinator, through a Tariff Based Competitive Bidding (TBCB) process, where POWERGRID emerged as the successful bidder against various private sector competitors.

The project involves the implementation of a 765kV D/C transmission line interconnecting the Bhadla-III and Bikaner-III substations, along with the associated bay extension work in Rajasthan. As an Inter-State Transmission System (ISTS) project, it is set to be commissioned within 24 months.

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This high-capacity interconnection will provide greater flexibility for power transfer from the renewable energy (RE) clusters in Bhadla and Bikaner, enhancing the resiliency of the transmission corridor. The project will also cater to future RE generation requirements from the Bhadla-III Power Station.

The Power Company, through its various Special Purpose Vehicles (SPVs) acquired via tariff bidding, is implementing several transmission system projects on a build, own, operate, and transfer (BOOT) basis.

These projects will enhance India’s transmission infrastructure to facilitate the evacuation of green energy into the national grid, supporting the government’s goal of achieving 500 GW of renewable energy by 2030.

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To date, POWERGRID operates 278 substations, with over 177,790 kilometers of transmission lines and a transformation capacity of 532,446 MVA.

The company has achieved a transmission system availability of over 99.8% by implementing advanced technologies, automation, and digital solutions.

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