MoU11 Mar 2024, 05:20 pm
Power Grid Corporation of India and Rajasthan Rajya Vidyut Prasaran Nigam Limited Sign MoU for Joint Venture in Rajasthan
AI Summary
Power Grid Corporation of India (POWERGRID) and Rajasthan Rajya Vidyut Prasaran Nigam Limited (RRVPNL) have entered into a Memorandum of Understanding (MoU) to form a Joint Venture (JV) company for the development of Intra State Transmission System in Rajasthan. POWERGRID will hold a 74% equity stake in the JV, with RRVPNL holding a 26% stake. The proposed JV is expected to undertake projects worth up to Rs. 10,000 crore in a phased manner.
Key Highlights
- Power Grid Corporation of India and Rajasthan Rajya Vidyut Prasaran Nigam Limited enter into MoU for JV
- JV to develop Intra State Transmission System in Rajasthan
- POWERGRID holds 74% equity, RRVPNL holds 26%
- JV projects worth up to Rs. 10,000 crore