Powergrid acquires transmission project SPV in Rajasthan

Power Grid Corporation of India Limited (Powergrid) has acquired the project SPV Bikaner-II Bhiwadi Transco Limited (BBTL) from the bid process coordinator, PFC Consulting. Powergrid had won the project through tariff based competitive bidding earlier in February 2021

The SPV has been set up to establish the transmission system strengthening scheme for evacuation of power from solar energy zones in Rajasthan (8.1 GW) under phase-II Part F, on build, own, operate and maintain (BOOM) basis. The entity was acquired for aggregate value of about Rs 205 million including 10,000 equity shares at par at Rs 10 each along with assets and liabilities of the company.

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