State-owned Power Grid Corporation on Tuesday said that it has acquired two special purpose vehicles (SPV) to implement power transmission projects -- Vataman Transmission and Koppal II Gadag II Transmission from PFC Consulting.
The Power Grid Corporation had bagged these two projects under tariff-based competitive bidding conducted by PFC Consulting, two separate BSE filings showed.
The Koppal II Gadag II Transmission Ltd (KIIGIITL) was acquired on Tuesday to establish a transmission system for "Transmission Scheme for Integration of Renewable Energy Zone (Phase-II) in Koppal-II (Phase-A & B) and GadagII (Phase-A) in Karnataka", on build, own, operate and transfer (BOOT) basis', it explained.
The Vataman Transmission Ltd (VTL), the Project SPV is acquired on Tuesday to establish transmission system for "Transmission system for evacuation of additional 7 GW of RE power from Khavda RE park under Phase III Part B", on build, own, operate and transfer (BOOT) basis.
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