In a significant development, Power Grid Corporation of India Limited (POWERGRID) has achieved a major milestone by emerging as the successful bidder in a tariff-based Competitive Bidding (TBCB) process. The company, under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, recently announced its successful bid to establish an Inter-State Transmission System Project titled “Transmission system for evacuation of power from REZ in Rajasthan (20 GW) under Phase-III Part C1” on a Build, Own Operate, and Transfer (BOOT) basis. This announcement marks a crucial step forward for POWERGRID in its mission to strengthen India’s power transmission infrastructure.
The Letter of Intent (LoI) formalizing this achievement was officially received by Power Grid Corporation of India Limited on the 11th of September, 2023. The project itself encompasses the establishment of a cutting-edge 765/400kV substation, complete with a STATCOM unit, at the strategic location of Ramgarh. Additionally, the initiative involves the construction of a robust 765kV D/C Transmission Line, as well as the extension of associated bays at various existing substations within the state of Rajasthan.
This project assumes paramount importance in the context of India’s energy landscape. With the Renewable Energy Zone (REZ) in Rajasthan set to generate a staggering 20 GW of power, efficient evacuation becomes imperative. POWERGRID’s successful bid not only signifies its technical prowess but also underscores its commitment to facilitating the seamless transfer of green energy from Rajasthan to the rest of the country.
The establishment of the new substation at Ramgarh and the augmentation of existing infrastructure will not only enhance the transmission capacity but also contribute to the overall stability and reliability of the grid. Furthermore, the inclusion of a STATCOM unit reflects POWERGRID’s dedication to incorporating advanced technology for voltage control and grid management.
This accomplishment cements POWERGRID’s position as a leader in the field of power transmission and underscores its pivotal role in the nation’s pursuit of a sustainable energy future. The successful bid represents a win-win situation, benefiting both the company and the broader Indian populace by ensuring a robust and efficient power transmission network.
POWERGRID’s victory in the tariff-based Competitive Bidding process for the establishment of the Inter-State Transmission System Project in Rajasthan reflects its commitment to the nation’s energy security and its determination to play a pivotal role in India’s transition towards a cleaner and more sustainable energy ecosystem.
