Power Grid Corporation of India Limited (POWERGRID) – a Maharatna CPSU under Ministry of Power, Govt. of India has on 19th November 2024, acquired the TBCB Project SPV – ‘Khavda V A Power Transmission Limited’, the first-ever High Voltage Direct Current (HVDC) project to be tendered through Tariff-Based Competitive Bidding (TBCB). The project SPV, with an estimated cost of ₹24,819 Crore (as per NCT estimations), is part of the scheme designed for evacuating 8 GW of renewable energy under Phase V: Part A from the Khavda Renewable Energy Zone in Gujarat, one of the largest RE zones in the country.
The project includes establishment of 6000 MW, ± 800 kV HVDC terminals at KPS2 (Gujarat) & Nagpur (Maharashtra), ± 800 kV HVDC Bipole transmission line between KPS2 & Nagpur (~1200 km) traversing through Gujarat and Maharashtra, LILO of Wardha – Raipur 765 kV D/C line at Nagpur in Maharashtra, including supply & installation of various associated equipment/ interconnections at terminal stations.
POWERGRID, through its various Projects SPVs which have been acquired through tariff bidding route, is implementing various Transmission System Projects being constructed on build, own, operate and transfer (BOOT) basis. These Projects will augment the Indian transmission infrastructure to evacuate Green Energy to the National Grid thereby reducing dependency on fossil fuels, in line with Government of India’s vision of achieving a 500 GW renewable energy target by year 2030.
As of 15th November 2024, POWERGRID has commissioned and is operating 280 Sub-stations and more than 1,78,975 ckm transmission lines and 5,43,961 MVA of transformation capacity. With the adoption of the latest technological tools and techniques, enhanced use of automation. and digital solutions, POWERGRID has been able to maintain an average transmission system availability of more than 99.8%.