Power Grid emerges successful bidder under TBCB for two inter-state transmission projects

State-run Power Grid Corporation of India Ltd. (Power Grid) announced that it has been awarded successful bids for two significant projects through the Tariff Based Competitive Bidding (TBCB) process. These projects aim to enhance India’s Inter-State Transmission System.

The projects said to be executed under the Build, Own, Operate, and Transfer (BOOT) model, involve key upgrades to substations in Gujarat and Karnataka. The first project will augment transformation capacity at KPS1 and KPS2 (Phase-V, Part B1 & B2), which are under construction in Gujarat.

The first project will involve augmenting the transformation capacity at Bidar PS. It includes installing 3x500 MVA, 400/220kV ICTs, and 1x1500 MVA, 765/400kV ICTs at a substation in Karnataka.

Join PSU Connect on WhatsApp now for quick updates! Click here

Read Also : NTPC Bongaigaon Bardwi Shikla Ladies Club organized mental health awareness session

The company has received the Letter of Intent (LoI) for both projects on January 6, 2025. The development is part of the company’s efforts to strengthen the nation’s power transmission infrastructure. Headquartered in Gurugram, the electric utility firm is responsible for the transmission of electricity across the country.

Power Grid operates and maintains the National Grid, which is the interconnected network for delivering electricity from suppliers to consumers. The company is also involved in the construction and operation of interstate transmission systems and provides consultancy services in the transmission sector.

Shares of Power Grid ended 3% lower at Rs 306.60 on the BSE on Monday.

Read Also : NTPC REL commences second part capacity of Gujarat Solar PV Project of NTPC