State-run Power Grid Corporation of India Ltd (PGCIL) on Friday said it has received Rs 2,736.02 crore through sale of 27.41 crore units in the PowerGrid Infrastructure Investment Trust (PGInvIT) offer for sale. Earlier in the day, the units issued by PGInvIT were listed on NSE and BSE. PGCIL has created the PGInvIT to monetise its assets. The initial portfolio of assets in the InvIT comprises five special purpose vehicles (SPVs) PowerGrid Vizag Transmission Ltd (PVTL), PowerGrid Kala Amb Transmission Ltd (PKATL), PowerGrid Parli Transmission Ltd (PPTL), PowerGrid Warora Transmission Ltd (PWTL) and PowerGrid Jabalpur Transmission Ltd (PJTL). PGCIL, under the process of monetisation of assets through the InvIT, has transferred 74 per cent of its shareholding to the PGInvIT, it said in a BSE filing.
Powergrid commissions transmission line for renewable projects in Rajasthan
May 14, 2021
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The 765kV line will transmit electricity from renewable energy projects in Rajasthan’s special economic zones
Powergrid Corporation of India on Friday said it has commissioned the Ajmer (PG)–Phagi 765kV D/c line that will transmit electricity from renewable energy projects in Rajasthan’s special economic zones.
Powergrid Ajmer Phagi Transmission Ltd, a special purpose vehicle, commissioned the project on May 6 on a build, own, operate and maintain basis, Powergrid said in a statement.
The renewable energy projects are based in the 3.5 GW Bhadla complex, the 3.5GW Fatehgarh complex and the 1.85GW Bikaner complex. Powergrid won the project in an auction in 2019 with a levelised annual tariff bid of ₹61.33 crore for 36 years.