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					</table><p>The Power Grid Corporation of India (<a href="https://www.powergrid.in/" target="_blank" rel="noopener">POWERGRID</a>) has emerged as the successful bidder for the execution of the two inter-state transmission system projects – Bhadla III Transmission and Ananthapuram Kurnool Transmission from <a href="https://www.pfcclindia.com/" target="_blank" rel="noopener">PFC Consulting,</a> to evacuate a total of 23.5 GW of renewable energy in Rajasthan and Andhra Pradesh.</p>
<p>The Bhadla III Transmission project is dedicated to establishing a transmission system to evacuate power from the renewable energy zone (REZ) in Rajasthan (20 GW) under Phase-III Part B1. The Ananthapuram Kurnool Transmission project is focused on creating a transmission project for solar energy zones in Ananthapuram (2,500 MW) and Kurnool (1,000 MW) in Andhra Pradesh.</p>
<p>The Rajasthan project encompasses establishing a new 765/400/220 kV pooling station at Bhadla III, a 765 kV D/C transmission line spanning the state, and associated bay extension works. This inter-state transmission system project is slated for construction within 18 months from the effective date of the contract.</p>
<p>POWERGRID won the Bhadla III project for a value of approximately ₹201.1 million (~$2.4 million), which includes 10,000 equity shares at a nominal value of ₹10 (~$0.12) each, as well as the assets and liabilities of the company as of the acquisition date.</p>
<p>The Ananthpuram Kurnool project involves setting up a new 400/220 kV pooling station at a suitable border location between Ananthapuram and Kurnool. Additionally, it includes installing two 400 kV D/C transmission lines traversing the state and associated bay extension works. The project is scheduled for completion within 24 months from the effective date of the contract.</p>
<p>The acquisition of the Ananthapuram Kurnool project amounted to approximately ₹199.9 million (~$2.4), which encompasses the purchase of 10,000 equity shares at a face value of ₹10 each (~$0.12), in addition to assuming the assets and liabilities of the company as of the acquisition date.</p>
<p>In March, POWERGRID <a href="https://www.mercomindia.com/powergrid-raise-up-to-%E2%82%B99-billion-bonds" target="_blank" rel="noopener">raised</a> the first tranche of its unsecured, non-convertible, non-cumulative, redeemable, and taxable bonds for ₹9 billion (~$108 million) through private placement.</p>
<p>POWERGRID <a href="https://www.mercomindia.com/powergrid-wins-bid-power-evacuation-project-in-rajasthan" target="_blank" rel="noopener">emerged</a> as the successful bidder for the execution of the inter-state transmission system project to evacuate power from renewable energy zones in Rajasthan for 20 GW, Phase-III Part C1. The Letter of Intent was formally received on September 11, 2023.</p>


POWERGRID Wins Contract to Evacuate 23.5 GW of Renewable Power

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