New Delhi: Power Grid Corporation of India Limited (POWERGRID), a Maharatna Central Public Sector Undertaking (CPSU) under the Ministry of Power, Government of India, has announced the acquisition of two major Tariff-Based Competitive Bidding (TBCB) project Special Purpose Vehicles (SPVs) worth approximately ₹3,375 crore (NCT estimations).
The acquired SPVs – Vindhyachal Varanasi Transmission Limited and SR WR Power Transmission Limited – are expected to significantly strengthen inter-regional transmission networks and boost grid reliability across the country.
Details of the Acquired Projects
- Vindhyachal Varanasi Transmission Limited
POWERGRID acquired Vindhyachal Varanasi Transmission Limited from PFC Consulting Limited on October 16, 2025, for the execution of the project titled “Inter-regional (NR-WR) Transmission System Strengthening to Relieve Loading of 765 kV Vindhyachal–Varanasi D/c Line.”
The project includes the establishment of a new 765 kV sub-station at Prayagraj and 765 kV D/c transmission lines traversing through Uttar Pradesh and Madhya Pradesh.
This will help mitigate critical load issues on the existing Vindhyachal–Varanasi corridor under ‘N-1’ contingency conditions and support the evacuation of power from upcoming Pumped Storage Projects (PSPs) in Uttar Pradesh.
- SR WR Power Transmission Limited
The second SPV, SR WR Power Transmission Limited, was acquired from REC Power Development and Consultancy Limited on October 17, 2025.
This project, “Inter-Regional Strengthening between Southern and Western Grids,” includes the construction of 765 kV D/c transmission lines across Karnataka and Maharashtra, along with associated line bays at both ends.
The initiative will enhance renewable energy (RE) integration within the Southern Region (SR), particularly aiding power evacuation from the Bidar Power Station (PS), and increase import-export capability between regional grids.
Boost to India’s Power Transmission Network
The acquisition of these two large-scale TBCB projects marks a significant step toward strengthening India’s national transmission network.
These projects will:
- Decongest heavily loaded corridors,
- Improve reliability and operational flexibility,
- Facilitate seamless transfer of renewable energy across regions, and
- Support evacuation from upcoming clean energy and PSP projects.
By enhancing inter-regional power flow, the initiatives will also contribute to India’s clean energy transition and grid stability goals.
Supporting India’s 500 GW Renewable Energy Target
POWERGRID continues to play a pivotal role in achieving India’s target of 500 GW of non-fossil fuel-based capacity by 2030.
Through multiple SPVs under the Build, Own, Operate, and Transfer (BOOT) model, the company is integrating renewable energy into the National Grid while minimizing fossil fuel dependency.
As of September 30, 2025, POWERGRID operates –
- 286 Sub-stations,
- Over 1,80,864 circuit km of transmission lines, and
- 5,81,831 MVA of transformation capacity.
Leveraging automation, digital monitoring, and advanced technology, POWERGRID maintains an average transmission system availability of over 99.80%, ensuring high reliability and efficiency in national grid operations.
