Power Grid Corporation of India has received Letters of Intent for two tariff-based competitive bidding projects in Gujarat and Karnataka, for the establishment of an inter-state transmission system on a build, own, operate and transfer basis.

Jan 7, 2025

State-owned Power Grid Corporation of India (PGCIL) has received Letters of Intent (LoIs) for two major projects in Gujarat and Karnataka worth INR 754 crore under the tariff-based competitive bidding (TBCB), for the establishment of an inter-state transmission system on a build, own, operate and transfer (BOOT) basis.

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As per PGCIL, the first project involved augmentation of transformation capacity at KPS1 (GIS) and KPS2 (GIS) (Phase-V Part B1 and Part B2 scheme), at under-construction substations in Gujarat.

The second project involved augmentation of transformation capacity by 3×500 MVA, 400/220kV ICTs (6th-8th) and 1×1500 MVA, 765/400kV ICT (4th) at Bidar PS, at an under-construction substation in Karnataka.

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The leading global power transmission utility said the projects will facilitate evacuation of power from renewable energy (RE) generation projects.