Power Grid acquires Bhadla-III Power Transmission project

On August 28, 2024, REC Power Development & Consultancy Ltd (RECPDCL) handed over the project Special Purpose Vehicle (SPV) “Bhadla-III Power Transmission Ltd” to Power Grid Corporation of India Ltd (PGCIL). PGCIL won the project through a tariff-based competitive bidding (TBCB) process for an interstate transmission system (ISTS) scheme named “Additional transmission system for Bhadla-III Pooling Station as part of Rajasthan REZ Phase III (20 GW).” The project, to be developed under the build, own,…