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India: PGCIL Acquires Neemuch Transmission

Power Grid Corporation of India (PGCIL) has acquired Neemuch Transmission (NTL). The company has emerged as the successful bidder under tariff-based competitive bidding.

 

Neemuch Transmission is the project SPV to establish transmission system for evacuation of power from Neemuch SEZ, on build, own, operate and transfer (BOOT) basis.

 

The transmission system comprises establishment of two 400 kV DIC transmission lines passing through Rajasthan and Madhya Pradesh, a new 400/220kV Pooling Substation at Neemuch in Madhya Pradesh and 400 kV bay extension works.

 

The transmission system is an inter-state transmission system project and is to be completed in 18 months.

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