Transmission SPV Acquisition Completed POWERGRID acquired Bellary Davanagere Power Transmission Ltd after winning the project through tariff-based competitive bidding
Project to Support 3 GW Renewable Capacity The project will help transmit around 3 GW of renewable energy capacity across Karnataka through new 400 kV transmission lines
Deal Value and Execution Model POWERGRID acquired the SPV for about ₹13 crore. The project will be executed under the BOOT (Build, Own, Operate, Transfer) model
Strategic Boost for Clean Energy Push The acquisition strengthens POWERGRID’s transmission network and supports India’s renewable energy integration goals