State-owned Power Grid Corporation on Friday said it has acquired project special purpose vehicle, Bhadla-III and Bikaner-III Transmission Ltd, through tariff-based competitive bidding.
"Power Grid Corporation of India, pursuant to its selection as the successful bidder under TBCB, has...acquired Bhadla-III & Bikaner-III Transmission Ltd from the bid process coordinator - PFC Consulting," according to a regulatory filing.
The project SPV will establish 'Transmission System Strengthening for interconnections of Bhadla-III & Bikaner-III Complex', on a build, own, operate and transfer basis.
The project comprises a 765kV D/C transmission line interconnecting Bhadla-III & Bikaner-III substations and associated bays extension works at these substations in Rajasthan.
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