Power Grid Corp acquires Bhadla-III & Bikaner-III Transmission

State-owned Power Grid Corporation on Friday said it has acquired project special purpose vehicle (SPV), 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 (BOOT) 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.