Power Grid Corp announces bidder inter-state transmission project

To evacuate electricity from Neemuch SEZ, an interstate transmission infrastructure needs to be set up, according to Power Grid Corporation of India.

According to rate-based competitive bidding (TBCB), the company's offer was considered successful. Build, own, operate, and transfer (BOOT) was used to award the project.

A Letter of Intent (LoI) dated July 7, 2022 has been issued to Power Grid Corporation of India. The Government of India (Council) has established Power Grid Corporation of India as the country's premier transmission company.

The government of India held 51.34 percent ownership in the company on March 31, 2022.

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