Power Grid Corporation Boosts India's Energy Network with Strategic Acquisitions

Power Grid Corporation of India has acquired two vital projects valued at Rs 3,375 crore to enhance the country's energy transmission network. These projects aim to alleviate congestion, improve reliability, and aid renewable energy distribution, aligning with India's clean energy goals and grid stability objectives.

State-owned Power Grid Corporation of India has announced a strategic acquisition of two significant projects collectively valued at Rs 3,375 crore. This initiative is a vital step in strengthening India's energy transmission capabilities.

The acquired projects aim to alleviate congestion in heavily loaded transmission corridors, enhancing power reliability across regions. Additionally, this move facilitates the seamless transfer of renewable energy, aligning with India's aspirations for clean energy and improved grid stability.

The company secured the projects Vindhyachal Varanasi Transmission Limited and SR WR Power Transmission Limited via tariff-based competitive bidding. These include new transmission lines and sub-stations crucial for the integration of renewable energy, further solidifying India's energy infrastructure.

(With inputs from agencies.)