Power Grid Corporation of India Ltd (PGCIL) has announced that it has formally acquired six project special purpose vehicles (SPVs) related to the development of interstate power transmission schemes, from the respective bid process coordinators (BPC).
Having won five ISTS projects under the tariff-based competitive bidding (TBCB) route recently, Power Grid Corporation of India Ltd (PGCIL) has recorded three more wins.
The report of a task force on grid modernization set up by the power ministry in September 2021 was recently accepted by the ministry. Set up under the chairmanship of CMD, Power Grid Corporation of India Ltd (PGCIL), the objective of the task force was to suggest ways of modernizing the country’s power transmission sector and making it smart and future-ready.