Powergridacquires RNTL for Rs 56.1 million

Power Grid Corporation of India Limited which was selected as the successful bidder under tariff-based competitive bidding route, has acquired the special purpose vehicle, Ramgarh New Transmission Limited (RNTL) for an aggregate value of Rs 56.1 billion, .

RNTL will establish the transmission system strengthening scheme for evacuation of power from solar energy zones in Rajasthan (8.1 GW).The transmission system proposed to be set up by RNTL comprises establishment of a new 400/220kV substation, 400kV transmission lines and associated substation extension works in Rajasthan. The transmission system is an inter statetransmission system project and is proposed to be completed in 18 months.

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