POWERGRID secures Rs 28.86 billion transmission project for Kurnool-III PS

Power Grid Corporation of India Limited (POWERGRID) has been declared the successful bidder for the “Transmission system strengthening at Kurnool-III PS for integration of additional RE generation projects.” 

The project, awarded through Tariff-Based Competitive Bidding (TBCB), will be executed on a build, own, operate, and transfer (BOOT) basis. POWERGRID received the Letter of Intent (LoI) on March 6, 2025. The Special Purpose Vehicle (SPV) for the project is Kurnool-III PS RE Transmission.

The project, with a cost of Rs 28.86 billion, will integrate and evacuate over 4.5 GW of additional renewable energy (RE) capacity. It includes expanding transmission infrastructure through the development of 400 kV line bays, augmentation of transformation capacity, and a 765 kV double circuit (D/c) transmission line from Kurnool-III to Chilakaluripeta.  

Power Finance Corporation Consulting Limited (PFCCL) was the Bid Process Coordinator (BPC).