SPVs - newsmantra.in l Latest news on Politics, World, Bollywood, Sports, Delhi, Jammu & Kashmir, Trending news | News Mantra https://newsmantra.in/tag/spvs/ Latest news on Politics, World, Bollywood, Sports, Delhi, Jammu & Kashmir, Trending news | News Mantra Fri, 23 Aug 2024 06:50:36 +0000 en-US hourly 1 https://wordpress.org/?v=6.8.3 https://newsmantra.in/wp-content/uploads/2019/05/cropped-newmantra-logo-32x32.png SPVs - newsmantra.in l Latest news on Politics, World, Bollywood, Sports, Delhi, Jammu & Kashmir, Trending news | News Mantra https://newsmantra.in/tag/spvs/ 32 32 Power Grid acquires two project special purpose vehicles https://newsmantra.in/power-grid-acquires-two-project-special-purpose-vehicles/ Fri, 23 Aug 2024 06:50:36 +0000 https://newsmantra.in/?p=43871 Power Grid Corporation of India Limited (POWERGRID) has acquired two Project Special Purpose Vehicles (SPVs)—Sirohi Transmission Limited and Beawar-Mandsaur Transmission Limited—on August 22, 2024. These acquisitions, secured through a Tariff Based Competitive Bidding (TBCB) process, will implement transmission systems for evacuating 5.5 GW of renewable energy from Rajasthan’s Jaisalmer/Barmer Complex....

The post Power Grid acquires two project special purpose vehicles appeared first on newsmantra.in l Latest news on Politics, World, Bollywood, Sports, Delhi, Jammu & Kashmir, Trending news | News Mantra.

]]> Power Grid Corporation of India Limited (POWERGRID) has acquired two Project Special Purpose Vehicles (SPVs)—Sirohi Transmission Limited and Beawar-Mandsaur Transmission Limited—on August 22, 2024. These acquisitions, secured through a Tariff Based Competitive Bidding (TBCB) process, will implement transmission systems for evacuating 5.5 GW of renewable energy from Rajasthan’s Jaisalmer/Barmer Complex. Both projects, part of an interstate transmission system, are set to be commissioned within 24 months. This aligns with India’s goal of achieving 500 GW of renewable energy by 2030, strengthening the national grid for green energy integration.

The post Power Grid acquires two project special purpose vehicles appeared first on newsmantra.in l Latest news on Politics, World, Bollywood, Sports, Delhi, Jammu & Kashmir, Trending news | News Mantra.

]]> RECPDCL Hands Over 2 SPVs to M/s Power Grid Corporation https://newsmantra.in/recpdcl-hands-over-2-spvs-to-m-s-power-grid-corporation/ Tue, 20 Aug 2024 07:10:28 +0000 https://newsmantra.in/?p=43207 REC Power Development and Consultancy Limited (RECPDCL) handed over 2 (two) project specific SPVs (Special Purpose Vehicles). viz, Rajasthan IV-C Power Transmission Limited and Rajasthan IV-E Power Transmission Limited formed for evacuation of power from Rajasthan Renewable Energy Zone Ph-IV (Jaisalmer/Barmer Complex). M/s Power Grid Corporation of India Limited (PGCIL)...

The post RECPDCL Hands Over 2 SPVs to M/s Power Grid Corporation appeared first on newsmantra.in l Latest news on Politics, World, Bollywood, Sports, Delhi, Jammu & Kashmir, Trending news | News Mantra.

]]> REC Power Development and Consultancy Limited (RECPDCL) handed over 2 (two) project specific SPVs (Special Purpose Vehicles). viz, Rajasthan IV-C Power Transmission Limited and Rajasthan IV-E Power Transmission Limited formed for evacuation of power from Rajasthan Renewable Energy Zone Ph-IV (Jaisalmer/Barmer Complex).

M/s Power Grid Corporation of India Limited (PGCIL) emerged as the Transmission Service Provider (TSP) through Tariff-based Competitive Bidding (TBCB) process conducted by RECPDCL, the Bid Process Coordinator, for development of above transmission projects on Build, Own, Operate & Transfer (BOOT) basis.

The project Rajasthan IV-C Power Transmission Limited covers construction of 765/400 kV, 3×1500 MVA & 400/220 kV, 5×500 MVA Pooling Station at Mandsaur, 171.75 Kms of 765 kV line and associated works. The project Rajasthan IV-E Power Transmission Limited covers 765 kV Substation near Rishabdeo, 339.24 Kms of 765 kV line and associated works.

The SPVs were handed over by Shri T.S.C. Bosh, CEO, RECPDCL to the officials of PGCIL including Shri Satya Prakash Dash, Company Secretary in the presence of Senior Officials of RECPDCL and Central Transmission Utility of India Limited. The projects are targeted for implementation in 2 years.

The post RECPDCL Hands Over 2 SPVs to M/s Power Grid Corporation appeared first on newsmantra.in l Latest news on Politics, World, Bollywood, Sports, Delhi, Jammu & Kashmir, Trending news | News Mantra.

]]>