POWERGRID Acquires Bhadla-III & Bikaner-III Transmission Ltd

Power Grid Corporation of India Limited (POWERGRID) has acquired‘Bhadla-III & Bikaner-III Transmission Limited, the Project Special Purpose Vehicle (SPV) for the Transmission System Project for System Strengthening for interconnections of Bhadla-III & Bikaner-III Complex on 30th August 2024. It was acquired from the PFC Consulting Limited (PFCCL) (Bid Process Coordinator) after competing with various private sector players and emerging as successful bidder in Tariff Based Competitive Bidding (TBCB) process.

Bhadla-III & Bikaner-III Transmission Limited shall implement a Transmission System comprising 765kV D/C Transmission Line interconnecting Bhadla-III & Bikaner-III substations and associated bays extension works at these substations in the state of Rajasthan. The transmission system is an Inter State Transmission System Project and is to be commissioned in 24 months.

POWERGRID, through its various Projects SPVs which have been acquired through tariff bidding route, is implementing various Transmission System Projects being constructed on build, own, operate and transfer (BOOT) basis. These Projects will augment the Indian transmission infrastructure to evacuate Green Energy to the National Grid thereby reducing dependency on fossil fuels, in line with Government of India’s vision of achieving 500 GW renewable energy target by year 2030.

As on 31st July 2024, POWERGRID has commissioned and is operating 278 Sub-stations and more than 1,77,790 ckm transmission lines and 532,446 MVA of transformation capacity. With the adoption of the latest technological tools and techniques, enhanced use of automation and digital solutions, POWERGRID has been able to maintain average transmission system availability more than 99.8%.