Power Grid Corporation of India (PGCIL) has been declared as the successful bidder under Tariff based competitive bidding to establish 765kV Strengthening in Eastern Region (ERSS-XVIII) on build, own operate and maintain (BOOM) basis. The Letter of Intent (LoI) has been received on February 21, 2017.
Earlier in January, PGCIL had inked a Memorandum of Understanding (MoU) with Abu Dhabi Water & Electricity Authority (ADWEA) & its group for cooperation in areas like smart grid, transmission technology and distribution.
Power Grid Corporation of India is an Indian state-owned electric utilities company headquartered in Gurgaon, India. Power Grid transmits about 50% of the total power generated in India on its transmission network.