Latest News | Powergrid Acquires Khavda V A Power Transmission Project

New Delhi, Nov 20 (PTI) Power Grid Corporation of India Ltd (Powergrid) on Wednesday said it has acquired Khavda V A Power Transmission project through the tariff-based competitive bidding route.

Khavda V A Power Transmission is the first-ever high voltage direct current (HVDC) project to be tendered through a tariff-based competitive bidding (TBCB) process, Powergrid said in a statement.

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The project, with an estimated cost of Rs 24,819 crore as per NCT (the National Committee for Transmission), is part of the scheme designed for evacuating 8 GW of renewable energy under Phase V: Part A from the Khavda Renewable Energy Zone in Gujarat.

The Khavda Renewable Energy Zone is one of the largest RE zones in the country.

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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)