Power Grid bags Bhadla-III Power Transmission Ltd

New Delhi: State-owned Power Grid Corporation of India Ltd (Power Grid) announced on Monday that it has successfully secured a significant transmission project in Rajasthan through tariff-based competitive bidding (TBCB). The project, named "Bhadla-III Power Transmission Ltd," is crucial for establishing an additional transmission system to evacuate power from the Bhadla-III Power Station as part of the Rajasthan Renewable Energy Zone (REZ) Phase-III Scheme, which aims to facilitate the evacuation of 20 GW of renewable energy.

The Power Grid Corporation received the Letter of Intent (LoI) on August 12, 2024, for acquiring the Project Special Purpose Vehicle (SPV) for this venture. The company emerged as the top bidder, outperforming several private sector competitors in the TBCB process.

The scope of work under this project includes the augmentation of transformation capacity at the existing Bhadla-III substation, which plays a critical role in integrating renewable energy into the national grid. This project is part of the broader efforts by the Government of India to strengthen the transmission infrastructure and support the growing renewable energy sector in Rajasthan, which is a key state in India’s renewable energy landscape.

Bhadla Solar Park, located in the Jodhpur district of Rajasthan, is one of the world’s largest solar parks and a cornerstone of India’s renewable energy expansion. The augmentation project will enhance the park's capacity to transmit solar power, thereby contributing to India’s ambitious goal of achieving 500 GW of renewable energy capacity by 2030.

The successful acquisition of this project further consolidates Power Grid’s position as a leading player in India’s power transmission sector, reinforcing its role in facilitating the country's energy transition.