New Delhi, Dec 26 (PTI) State-owned Power Grid Corporation on Tuesday said that it has acquired two special purpose vehicles (SPV) to implement power transmission projects -- Vataman Transmission and Koppal II Gadag II Transmission from PFC Consulting.

The Power Grid Corporation had bagged these two projects under tariff-based competitive bidding conducted by PFC Consulting, two separate BSE filings showed.

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The Koppal II Gadag II Transmission Ltd (KIIGIITL) was acquired on Tuesday to establish a transmission system for 'Transmission Scheme for Integration of Renewable Energy Zone (Phase-II) in Koppal-II (Phase-A & B) and GadagII (Phase-A) in Karnataka', on build, own, operate and transfer (BOOT) basis", it explained.

The Vataman Transmission Ltd (VTL), the Project SPV is acquired on Tuesday to establish transmission system for 'Transmission system for evacuation of additional 7 GW of RE power from Khavda RE park under Phase III Part B', on build, own, operate and transfer (BOOT) basis.

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(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)