Pursuant to its selection as the successful bidder under tariff based competitive bidding (TBCB), Power Grid Corporation of India Limited (PGCIL) has acquired 100 per cent equity of Khetri-Narela Transmission Limited (KNTL) for an aggregate value of around Rs 225million.
KNTL is a project special purpose vehicle (SPV) to establish transmission system for Transmission System Strengthening Scheme for Evacuation of Power from Solar Energy Zones in Rajasthan (8.1 GW) under Phase-II Part-G, on build, own, operate and maintain basis from the bid process coordinator – PFC Consulting Limited. The transmission system comprises establishment of a new 765/400 kV substation at Narela, substation extension works at Khetri and two 765kV D/C transmission lines traversing in the states of Rajasthan, Haryana and Delhi. The transmission system is an inter state transmission system project and is to be completed in 18 months.