POWERGRID acquires SPV for two transmission projects
Power Grid Corporation of India Limited (POWERGRID) has expanded its interstate transmission portfolio by acquiring two special purpose vehicles (SPVs) through the tariff-based competitive bidding (TBCB) process. POWERGRID acquired Vindhyachal Varanasi Transmission Ltd (VVTL) from PFC Consulting Ltd on October 16, 2025. The SPV, incorporated on April 17, 2025, was set up for a transmission scheme to reduce the loading on the existing 765 kV Vindhyachal–Varanasi double-circuit line. The project involves building a 765 kV…

