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.

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

Dharavi Rising!

Dharavi, Asia’s largest informal settlement, stands on the cusp of a historic transformation. With an ambitious urban renewal project finally taking shape, millions of residents are looking ahead with hope. But delivering a project of this scale brings immense challenges – from land acquisition to rehabilitate ineligible residents outside Dharavi and rehabilitation to infrastructure development. It also requires balancing commercial goals with deep-rooted social impact. At the helm is SVR Srinivas, IAS, CEO & Officer on Special Duty, Dharavi Redevelopment Project (DRP), Government..

Next Story
Infrastructure Urban

Patel Engineering Secures Two Projects Worth Rs 20.37 Billion

Patel Engineering Ltd has secured two important infrastructure projects valued at Rs 20.37 billion. The company received an order from the City and Industrial Development Corporation of Maharashtra Ltd (CIDCO) for dam construction and associated works in Maharashtra. The project will be executed over a period of 42 months. Another project, awarded by the North Eastern Electric Power Corporation Ltd (NEEPCO), involves the development of a 240 MW hydropower project in Arunachal Pradesh. The project scope includes civil construction, testing, commissioning, and installation of hydro-mechanical e..

Next Story
Infrastructure Urban

M B Patil Seeks Centre’s Support For Karnataka’s Industrial Growth

Karnataka’s Minister for Large and Medium Industries M B Patil has urged the central government to support the state in strengthening freight corridors and logistic infrastructure. He was speaking at a round table on ‘Focussing on the Steel Sector in the State of Karnataka’ during the 6th edition of India Steel-25, an International Conference-cum-Exhibition organised by the Ministry of Steel. Patil highlighted Karnataka’s contribution of 15 per cent to India’s steel production and the efforts by the state government to promote cluster-based development, integrated industrial corrido..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?