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	<title>South Olpad Transmission Limited - newsmantra.in l Latest news on Politics, World, Bollywood, Sports, Delhi, Jammu &amp; Kashmir, Trending news | News Mantra</title>
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		<title>POWERGRID&#8217;s Strategic Acquisition for Renewable Energy Transmission</title>
		<link>https://newsmantra.in/powergrids-strategic-acquisition-for-renewable-energy-transmission/</link>
		
		<dc:creator><![CDATA[Newsmantra]]></dc:creator>
		<pubDate>Thu, 17 Oct 2024 08:09:18 +0000</pubDate>
				<category><![CDATA[PSU Mantra]]></category>
		<category><![CDATA[POWERGRID]]></category>
		<category><![CDATA[Renewable Energy Transmission]]></category>
		<category><![CDATA[South Olpad Transmission Limited]]></category>
		<guid isPermaLink="false">https://newsmantra.in/?p=48140</guid>

					<description><![CDATA[<p>Power Grid Corporation of India Limited (POWERGRID), a Maharatna CPSU under the Ministry of Power, successfully acquired three Project Special Purpose Vehicles (SPVs) to enhance its capabilities in executing Inter-State Transmission Projects dedicated to renewable energy transmission. The newly acquired SPVs—‘South Olpad Transmission Limited,’ ‘Jam Khambhaliya Transmission Limited,’ and ‘Rajasthan...</p>
<p>The post <a href="https://newsmantra.in/powergrids-strategic-acquisition-for-renewable-energy-transmission/">POWERGRID&#8217;s Strategic Acquisition for Renewable Energy Transmission</a> appeared first on <a href="https://newsmantra.in">newsmantra.in l Latest news on Politics, World, Bollywood, Sports, Delhi, Jammu &amp; Kashmir, Trending news | News Mantra</a>.</p>
]]></description>
										<content:encoded><![CDATA[<p>Power Grid Corporation of India Limited (POWERGRID), a Maharatna CPSU under the Ministry of Power, successfully acquired three Project Special Purpose Vehicles (SPVs) to enhance its capabilities in executing Inter-State Transmission Projects dedicated to renewable energy transmission. The newly acquired SPVs—‘South Olpad Transmission Limited,’ ‘Jam Khambhaliya Transmission Limited,’ and ‘Rajasthan IV H1 Power Transmission Limited’—were procured through a competitive Tariff Based Competitive Bidding (TBCB) process, successfully outbidding various private sector participants. The estimated total investment for these projects amounts to ?8,769 Crores.</p>
<p>The South Olpad Transmission Limited project aims to establish a new 765/400/220 kV GIS sub-station along with accompanying 765kV and 400kV D/C Transmission Lines in Gujarat. This Inter-State Transmission System Project, slated for commissioning in 24 months, is part of the Khavda Phase-IV transmission scheme designed to facilitate the evacuation of an additional 7 GW of renewable energy from the Khavda RE park. Similarly, Rajasthan IV H1 Power Transmission Limited is tasked with constructing a new 765/400/220 kV sub-station at Kurawar and related transmission lines in Madhya Pradesh, aimed at evacuating 5.5 GW and 2 GW of renewable energy from key renewable energy zones. Meanwhile, Jam Khambhaliya Transmission Limited will enhance existing substation capacities in Gujarat, enabling the evacuation of power beyond 1.5 GW, with a target completion timeline of 21 months for most elements.</p>
<p>With these acquisitions, POWERGRID reinforces its commitment to augmenting India&#8217;s transmission infrastructure and facilitating the shift towards green energy. The projects will be constructed on a build, own, operate, and transfer (BOOT) basis, significantly contributing to India&#8217;s objective of achieving 500 GW of non-fossil fuel generation capacity by 2030. As of 30th September 2024, POWERGRID operates 279 substations and over 1,78,195 circuit kilometers of transmission lines, with a transformation capacity of 537,276 MVA. By leveraging advanced technological tools and maintaining a remarkable average transmission system availability of approximately 99.8%, POWERGRID is well-positioned to support the national grid while reducing dependence on fossil fuels.</p>
<p>The post <a href="https://newsmantra.in/powergrids-strategic-acquisition-for-renewable-energy-transmission/">POWERGRID&#8217;s Strategic Acquisition for Renewable Energy Transmission</a> appeared first on <a href="https://newsmantra.in">newsmantra.in l Latest news on Politics, World, Bollywood, Sports, Delhi, Jammu &amp; Kashmir, Trending news | News Mantra</a>.</p>
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