By NSB.News
Power Grid Corporation of India Limited (POWERGRID), a Maharatna CPSU under the Ministry of Power, has successfully acquired four Project Special Purpose Vehicles (SPVs) aimed at facilitating the transmission of renewable energy across India. These SPVs, which were acquired through Tariff Based Competitive Bidding (TBCB), will play a crucial role in the development of Inter-State Transmission Systems to support the integration of green energy into the national grid.
The four SPVs acquired are:
Khavda PS1 and 3 Transmission Limited
Barmer I Transmission Limited
Bikaner A Power Transmission Limited
Bikaner B Power Transmission Limited
The projects, acquired from the Bid Process Coordinators PFC Consulting Limited (PFCCL) and REC Power Development & Consultancy Limited (RECPDCL), are part of India’s strategic push to strengthen its renewable energy transmission infrastructure. All four projects are expected to be commissioned within 24 months.
Key Project Highlights:
Khavda PS1 and 3 Transmission Limited: This project involves the establishment of two ±300 MVAR STATCOM units at KPS1 and one ±300 MVAR STATCOM unit at KPS3, aiding in the real-time adjustment of reactive power to maintain optimal voltage levels. It is part of the renewable power evacuation system in Gujarat’s Khavda region.
Barmer I Transmission Limited: This project will create a new 765/400/220 kV Barmer-I Pooling Substation, along with 765 kV and 400 kV D/C transmission lines and associated bay extensions. It will support the evacuation of 5.5 GW of renewable energy from the Jaisalmer/Barmer Complex in Rajasthan.
Bikaner A Power Transmission Limited: This system includes a 765/400/220 kV Bikaner IV pooling substation, along with the installation of STATCOM and MSC/MSR equipment. It also includes 765 kV and 400 kV D/C transmission lines linking Rajasthan and Haryana, and various bay extension works.
Bikaner B Power Transmission Limited: Similar to the Bikaner A project, this includes a 765/400/220 kV Siwani substation and associated STATCOM and MSC/MSR equipment. The project will help evacuate an additional 6 GW of renewable energy from the Bikaner Complex.
These projects are designed to strengthen India’s renewable energy infrastructure and support the national goal of generating 500 GW of non-fossil fuel-based energy by 2030. They will enable the evacuation of significant amounts of renewable power, thereby contributing to India’s energy transition and reducing dependency on fossil fuels.
As of October 31, 2024, POWERGRID operates 280 substations with over 1,78,975 circuit kilometers of transmission lines and a transformation capacity of 5,43,961 MVA. With the adoption of advanced technologies, automation, and digital solutions, POWERGRID has maintained an impressive average transmission system availability of 99.8%.