POWERGRID Forms JV to Augment Rajasthan’s Transmission Network
POWER & RENEWABLE ENERGY

POWERGRID Forms JV to Augment Rajasthan’s Transmission Network

The Power Grid Corporation of India (POWERGRID) has established a joint venture with Rajasthan Rajya Vidyut Prasaran Nigam (RRVPNL) to develop Rajasthan’s intrastate transmission system.The joint venture, Rajasthan Power Grid Transmission Company (RPTCL), aims to address the state’s growing energy needs and ensure a more reliable and robust electricity distribution network.

RPTCL has been created with a fully subscribed and paid-up authorized share capital of Rs 500,000 (~$6,083). POWERGRID will have 74% ownership, which includes the subscription of 37,000 shares at a face value of Rs 10 (~$0.12) per share, while RVPN will hold the remaining 26%.

Last December, Rajasthan unveiled its Integrated Clean Energy Policy, 2024, with an ambitious target of achieving 125,000 MW of renewable energy capacity by the financial year 2030. The plan includes installing a capacity of 90,000 MW of solar power, 25,000 MW of wind and hybrid energy, and 10,000 MW of hydro, pumped storage, and battery energy storage systems.

Last August, Rajasthan became the first Indian state to achieve more than 50% solar in its total installed power capacity, according to Mercom’s India Solar Project Tracker. The state has approximately 23 GW of solar capacity, representing 51% of its total installed power capacity. Solar energy also dominates Rajasthan’s renewable portfolio, accounting for 76% of its total installed renewable energy capacity.

In November 2024, POWERGRID and Dineshchandra R. Agarwal Infracon won Parts A and B of REC Power Development and Consultancy’s transmission project to evacuate 3.5 GW of power from Rajasthan’s renewable energy zone.

In the same month, POWERGRID invited bids to establish a solar-powered green hydrogen plant and fuel cell-based microgrid system at the 400/220 kV Neemrana substation in Rajasthan.

Your next big infra connection is waiting at RAHSTA 2025 – Asia’s Biggest Roads & Highways Expo, Jio World Convention Centre, Mumbai. Don’t miss out!

The Power Grid Corporation of India (POWERGRID) has established a joint venture with Rajasthan Rajya Vidyut Prasaran Nigam (RRVPNL) to develop Rajasthan’s intrastate transmission system.The joint venture, Rajasthan Power Grid Transmission Company (RPTCL), aims to address the state’s growing energy needs and ensure a more reliable and robust electricity distribution network.RPTCL has been created with a fully subscribed and paid-up authorized share capital of Rs 500,000 (~$6,083). POWERGRID will have 74% ownership, which includes the subscription of 37,000 shares at a face value of Rs 10 (~$0.12) per share, while RVPN will hold the remaining 26%.Last December, Rajasthan unveiled its Integrated Clean Energy Policy, 2024, with an ambitious target of achieving 125,000 MW of renewable energy capacity by the financial year 2030. The plan includes installing a capacity of 90,000 MW of solar power, 25,000 MW of wind and hybrid energy, and 10,000 MW of hydro, pumped storage, and battery energy storage systems.Last August, Rajasthan became the first Indian state to achieve more than 50% solar in its total installed power capacity, according to Mercom’s India Solar Project Tracker. The state has approximately 23 GW of solar capacity, representing 51% of its total installed power capacity. Solar energy also dominates Rajasthan’s renewable portfolio, accounting for 76% of its total installed renewable energy capacity.In November 2024, POWERGRID and Dineshchandra R. Agarwal Infracon won Parts A and B of REC Power Development and Consultancy’s transmission project to evacuate 3.5 GW of power from Rajasthan’s renewable energy zone.In the same month, POWERGRID invited bids to establish a solar-powered green hydrogen plant and fuel cell-based microgrid system at the 400/220 kV Neemrana substation in Rajasthan.

Next Story
Real Estate

Vitizen Hotels Signs Deal at Manyata Tech Park

Vikram Kamats Hospitality, as part of its ongoing expansion in key metropolitan markets, announced that its material subsidiary, Vitizen Hotels, has signed a long-term lease agreement for a 45-key hotel property at Manyata Tech Park, Bengaluru.Strategically located in the city’s prominent IT hub, the property is well-positioned to serve corporate travelers, business professionals, and long-stay guests. The addition aligns with the company’s asset-light growth model, leveraging long-term leases to expand its footprint in high-demand urban markets.The hotel is expected to strengthen the comp..

Next Story
Infrastructure Transport

CONCOR Signs MoU with BPIPL to Operate Container Terminal at Bhavnagar Port

Container Corporation of India (CONCOR) has signed a Memorandum of Understanding (MoU) with Bhavnagar Port Infrastructure (BPIPL) on September 4, 2025, in New Delhi to operate and maintain the upcoming container terminal at the northside of Bhavnagar Port, Gujarat.BPIPL had earlier entered into an agreement with the Gujarat Maritime Board (GMB) in September 2024 for the port’s development. Under this arrangement, 235 hectares of land has been leased to BPIPL for 30 years, with provision for expansion by an additional 250 hectares.The new terminal is expected to significantly enhance logistic..

Next Story
Infrastructure Transport

Concord Launches India’s First Indigenous Zero-Emission Rail Propulsion

Concord Control Systems (CCSL), a leader in embedded electronics and critical rail technologies, has announced the development of India’s first fully indigenous zero-emission propulsion system, marking a significant step toward the country’s railway electrification and net-zero goals for 2030.Powered by Lithium Iron Phosphate (LFP) batteries and featuring a DC chopper-based drive, the propulsion system eliminates idling losses common in diesel engines, offering higher efficiency, lower costs, and zero emissions.What sets this innovation apart is its completely indigenous design. Except for..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?