Power Grid emerges successful bidder under TBCB to acquire Kudankulam Transmission Limited
KISTSTL was incorporated on 28/06/2024 by the Bid Process Coordinator as per the “Guidelines Encouraging Competition in Development of Transmission Projects” and “Tariff-based Competitive-bidding Guidelines for Transmission Service” notified by the Ministry of Power.
Power Grid emerges successful bidder under TBCB to acquire Kudankulam Transmission Limited
Power Grid Corporation of India Limited, under its selection as the successful bidder under Tariff based competitive bidding, has on 10.01.2025 acquired Kudankulam ISTS Transmission Limited, the Project SPV to establish “Transmission System under ISTS for evacuation of power from Kudankulam Unit - 3 and 4 (2x1000 MW)”, on build, own, operate and transfer (BOOT) basis from the Bid Process Coordinator – PFC Consulting Limited (PFCCL).
KISTSTL was incorporated on 28/06/2024 by the Bid Process Coordinator as per the “Guidelines Encouraging Competition in Development of Transmission Projects” and “Tariff-based Competitive-bidding Guidelines for Transmission Service” notified by the Ministry of Power.
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KISTSTL has been acquired for an aggregate value of about Rs. 7.44 Crore including 10,000 equity shares at par at Rs. 10 each along with assets and liabilities of the KISTSTL as on the acquisition Date (10.01.2025). However, the acquisition price is subject to adjustment as per the audited accounts of the KISTSTL as on the acquisition date.
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