Power Grid Corporation of India Limited ($POWERGRID) on Thursday secured a project under Tariff Based Competitive Bidding (TBCB) for an Inter-State Transmission System in Gujarat.
The project, titled "Transmission system for Integration of Power from RE Projects in Lakadia REZ in Gujarat-Phase II (7500MW)", will be developed on a Build, Own, Operate and Transfer (BOOT) model, the power company said in a statement.
The annual transmission charges quoted for this project are Rs. 1,152.49 Crore.
Key components of the project include a new 765/400kV Lakadia-II Sub-station in Gujarat, 765kV transmission lines across Gujarat, associated equipment and bays, and a Synchronous condenser at the Lakadia-II Sub-station.
Power Grid shares closed 0.17% lower at ₹266.35 on Thursday, in line with the wider markets.