Power Grid Corporation of India Limited (POWERGRID) has acquired two special purpose vehicles (SPVs) for approximately INR 39.16 crore to develop interstate transmission systems for renewable energy integration and power evacuation in Gujarat and Maharashtra.
Oct 13, 2026
POWERGRID completed the acquisition of Jam Khambhaliya REZ Transmission Limited and Lakadia C Power Transmission Limited from PFC Consulting Limited on October 12, 2026. The acquisitions followed POWERGRID’s selection as the successful bidder under the tariff-based competitive bidding process. Both projects will be implemented under the build, own, operate and transfer (BOOT) model.
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Jam Khambhaliya REZ Transmission Limited was acquired for approximately INR 19.22 crore. The project will establish an interstate transmission system to integrate renewable energy from the Jam Khambhaliya Renewable Energy Zone in Gujarat, covering Phase II of the zone, with a capacity of 5,500 MW, and Jamnagar Phase I, with a capacity of 1,000 MW.
The scope includes a new gas-insulated substation at Kalyanpur in Gujarat, information and communication technology augmentation, bay extension works at substations under construction, and the development of 765 kV transmission lines across Gujarat.
Lakadia C Power Transmission Limited was acquired for approximately INR 19.94 crore. The SPV will develop an interstate transmission system to evacuate power from Lakadia Phase II, Jam Khambhaliya Phase II and Jamnagar Phase I under Part C of the project.
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The project includes a new 765/400/220 kV substation at Alephata in Maharashtra, along with 765 kV and 400 kV transmission lines, associated equipment and bays. These infrastructure developments are intended to strengthen interstate power transmission and support renewable energy integration.
