State-owned Power Grid Corporation of India on Monday said it has acquired a project special purpose vehicle (SPV) Rajasthan IV E Power Transmission Ltd.
The project comprises the establishment of a new 765 kV sub-station at Rishabhdeo in Rajasthan, 765 kV D/C transmission lines and associated bays extension works at other existing substations in Rajasthan and Madhya Pradesh, a BSE filing said.
Power Grid Corporation of India, pursuant to its selection as the successful bidder under tariff-based competitive bidding, on August 19, 2024, acquired Rajasthan IV E Power Transmission Ltd, the Project SPV to establish 'transmission system for evacuation of power from Rajasthan REZ Phase IV (Part 2: 5.5 GW) (Jaisalmer/ Barmer Complex): Part E' on build, own, operate and transfer (BOOT) basis from the Bid Process Coordinator – REC Power Development and Consultancy Ltd, it stated.
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