Deals23 Sept 2024, 10:29 pm
POWER GRID CORPORATION OF INDIA LTD. Declared as Successful Bidder Under TBCB for Khavda Pooling Stations
AI Summary
Power Grid Corporation of India Ltd. has been declared as the successful bidder under Tariff based competitive bidding (TBCB) for the establishment of an Inter-State transmission system. The project involves the installation of STATCOMs at Khavda Pooling Station 1 (KPS1) and Khavda Pooling Station 3 (KPS3) along with associated bays extension work in the State of Gujarat. The Letter of Intent (LoI) was received on 234 September 2024.
Key Highlights
- POWER GRID CORPORATION OF INDIA LTD. declared as successful bidder under TBCB
- Project involves installation of STATCOMs at Khavda Pooling Station 1 (KPS1) and Khavda Pooling Station 3 (KPS3)
- Associated bays extension work in the State of Gujarat
- Received Letter of Intent (LoI) on 234 September 2024
- Project is on build, own, operate and transfer (BOOT) basis