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POWERGRIDs continued success in Tariff Based Competitive Bidding

| Updated on: Apr 19, 2012

Power Grid Corporation of India Ltd has informed BSE that the Company has been selected as the successful bidder under tariff based competitive bidding for establishing transmission system associated with IPPs of Vemagiri Area: Package - A. in accordance with the guidelines for competitive bidding, Vemagiri Transmission System Limited, the Special Purpose Vehicle incorporated to establish the transmission system on build, own operate and maintain (BOOM) basis, was acquired on April 18, 2012 by POWERGRID. The transmission system comprising 765 kV D/C is to traverse the state of Andhra Pradesh and is to be constructed over a period of 36 months. This is the second project that POWERGRID won under tariff based competitive bidding.

Source : BSE - >www.bseindia.com

Published on November 15, 2017

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