Power Grid buys two transmission projects in Rajasthan to evacuate solar
09 Jun 2021
2 Min Read
CW Team
Power Grid Corporation of India (PGCIL) has acquired two transmission projects Fatehgarh Bhadla Transco Ltd and Sikar New Transmission Ltd under Phase 2, Part-B and C of the transmission strengthening program. Both of the projects have to evacuate 8.1 GW of power from solar energy zones in Rajasthan.
REC invited bids in December 2020 to develop transmission systems to evacuate power from solar energy zones in Rajasthan. And the invitation was extended to transmission service suppliers under Phase 2 for Part-A, B, and C of the transmission strengthening program to evacuate 8.1 GW of power from these zones.
REC Ltd鈥檚 wholly-owned subsidiary REC Power Distribution Company Ltd (RECPDCL) gave the two project Special purpose vehicles (SPVs) to PGCIL.
PGCIL won each of the three projects. In March, it had also acquired the Ramgarh New Transmission under Phase 2, Part-A of the program.
On June 4, 2021, the complete shareholding of both the Fatehgarh Bhadla Transco and Sikar New Transmission, including 50,000 equity shares owned by RECPDCL, was given to PGCIL at par value and with all its assets.
Fatehgarh Bhadla Transco, incorporated on June 2, 2020, to evacuate power from Solar energy zones in Rajasthan (8.1 GW) under Phase 2-Part B, on a build, own, operate and maintain basis.
The transmission system includes developing a 765kV D/C line and associated bays extension work in Rajasthan. The system is an Inter-State Transmission System (ISTS) project slated for completion within 18 months.
The aggregate amount in which the Transco has been acquired is about Rs 130.4 million, including 50,000 equity shares at par at Rs 10 along with assets and liabilities.
Whereas Sikar New Transmission, incorporated on June 11, 2020, to evacuate power from Solar energy zones in Rajasthan (8.1 GW) under Phase-2- Part C on a build, own, operate, and maintain basis.
The transmission system comprises setting a new 765/400kV Substation at Sikar-2, 765kV D/C Transmission line, 400kV D/C Transmission line. It is also an ISTS project, slated for completion within 18 months.
The aggregate amount in which Sikar was acquired is about Rs 185.4 million.
As we have reported earlier, on May 21, its PGCIL approved an investment of Rs 22.20 billion for commissioning several power transmissions projects.
Also read: PGCIL to invest Rs 22.20 bn in power transmission network
Also read: India drafts ancillary services market regulations for energy storage
Power Grid Corporation of India (PGCIL) has acquired two transmission projects Fatehgarh Bhadla Transco Ltd and Sikar New Transmission Ltd under Phase 2, Part-B and C of the transmission strengthening program. Both of the projects have to evacuate 8.1 GW of power from solar energy zones in Rajasthan.
REC invited bids in December 2020 to develop transmission systems to evacuate power from solar energy zones in Rajasthan. And the invitation was extended to transmission service suppliers under Phase 2 for Part-A, B, and C of the transmission strengthening program to evacuate 8.1 GW of power from these zones.
REC Ltd鈥檚 wholly-owned subsidiary REC Power Distribution Company Ltd (RECPDCL) gave the two project Special purpose vehicles (SPVs) to PGCIL.
PGCIL won each of the three projects. In March, it had also acquired the Ramgarh New Transmission under Phase 2, Part-A of the program.
On June 4, 2021, the complete shareholding of both the Fatehgarh Bhadla Transco and Sikar New Transmission, including 50,000 equity shares owned by RECPDCL, was given to PGCIL at par value and with all its assets.
Fatehgarh Bhadla Transco, incorporated on June 2, 2020, to evacuate power from Solar energy zones in Rajasthan (8.1 GW) under Phase 2-Part B, on a build, own, operate and maintain basis.
The transmission system includes developing a 765kV D/C line and associated bays extension work in Rajasthan. The system is an Inter-State Transmission System (ISTS) project slated for completion within 18 months.
The aggregate amount in which the Transco has been acquired is about Rs 130.4 million, including 50,000 equity shares at par at Rs 10 along with assets and liabilities.
Whereas Sikar New Transmission, incorporated on June 11, 2020, to evacuate power from Solar energy zones in Rajasthan (8.1 GW) under Phase-2- Part C on a build, own, operate, and maintain basis.
The transmission system comprises setting a new 765/400kV Substation at Sikar-2, 765kV D/C Transmission line, 400kV D/C Transmission line. It is also an ISTS project, slated for completion within 18 months.
The aggregate amount in which Sikar was acquired is about Rs 185.4 million.
As we have reported earlier, on May 21, its PGCIL approved an investment of Rs 22.20 billion for commissioning several power transmissions projects.
Image Source
Also read: PGCIL to invest Rs 22.20 bn in power transmission network
Also read: India drafts ancillary services market regulations for energy storage
Next Story
Mumbai-Ahmedabad Bullet Train Set to Launch by 2028
India鈥檚 first bullet train is set to revolutionize high-speed travel along the western corridor, with the Mumbai-Ahmedabad high-speed rail project aiming for a 2028 launch. This announcement marks a major milestone in India鈥檚 infrastructure goals, as it promises to reduce travel time between the two economic hubs from eight hours to just three.Spanning a planned 508-kilometre stretch, the corridor stands as a flagship example of Indo-Japanese collaboration in technology and engineering. Once operational, the train is expected to transform intercity mobility and place India among the select..
Next Story
Mumbai-Gandhinagar Train Service Enhances Passenger Capacity
The Mumbai Central鈥揋andhinagar Capital Vande Bharat Express has increased its passenger capacity by adding four additional AC chair car coaches to meet the growing commuter demand on one of India鈥檚 busiest business corridors. This upgrade, effective from 11 May, raised the train鈥檚 seating capacity from 1,128 to 1,440 passengers, allowing it to serve 936 more passengers daily in both directions. The increase was described as a practical measure to accommodate the surging demand on the busy Mumbai鈥揂hmedabad鈥揋andhinagar route, which regularly operates at over 150 percent seat occupancy...
Next Story
Delhi Plans 12 Sewage Plants to Clean Najafgarh Drain Efficiently
Delhi鈥檚 ambitious plan to improve the water quality of the Yamuna River has gained significant momentum as the Delhi Jal Board (DJB) has begun work on 12 new sewage treatment plants (STPs) aimed at reducing the volume of untreated sewage being discharged from the Najafgarh Drain.This initiative forms part of the ongoing efforts to clean the Yamuna and restore the river鈥檚 health, which has long been a critical environmental issue for the national capital. Given the alarming pollution levels in the Yamuna, experts and officials consider this project a vital step toward addressing the persist..
