{
  "id": 5321781,
  "title": "POWERGRID Wins ₹1,152.49 Crore Bid, Project To Integrate 7,500 MW",
  "url": "https://urgent.news/2026/09/03/powergrid-wins-1-152-49-crore-bid-project-to-integrate-7-500-mw",
  "topic": "business",
  "section": "Business",
  "published": "2026-09-03T12:03:05.000Z",
  "source": {
    "name": "Free Press Journal",
    "slug": "free-press-journal",
    "url": "https://www.freepressjournal.in/business/powergrid-wins-115249-crore-bid-project-to-integrate-7500-mw"
  },
  "original_language": "en",
  "account": "Mumbai: Power Grid Corporation of India Limited (POWERGRID) secured a ₹1,152.49 crore bid for an interstate power transmission project aimed at integrating 7,500 MW of renewable energy from Gujarat’s Lakadia Renewable Energy Zone. Announced on September 3, 2026, the transmission charges were quoted in an exchange filing, though the company refrained from disclosing the project's capital cost, completion timeline or related terms. POWERGRID secured the project through tariff-based competitive bidding, as detailed under SEBI Regulation 30. The project will be developed using a Build, Own, Operate and Transfer model, with POWERGRID responsible for building and owning the assets, operating them for a set period and transferring ownership afterward. The 7,500 MW capacity will bolster power evacuation infrastructure, facilitating the integration of renewable energy projects in Gujarat under Phase II. The project will see the construction of a new 765/400 kV Lakadia-II substation, transmission lines spanning across the state, and a synchronous condenser at the Lakadia-II substation to manage grid stability and voltage. POWERGRID's win in the bid strengthens its project pipeline and contributes to the development of essential high-capacity infrastructure for transporting renewable electricity to interstate grids.",
  "summary": "Mumbai: Power Grid Corporation of India Limited (POWERGRID) has emerged as the successful bidder for an interstate power transmission project designed to integrate 7,500 MW of renewable energy from Gujarat’s Lakadia Renewable Energy Zone. The state-owned transmission company quoted annual transmission charges of Rs 1,152.49 crore for the project, according to an exchange filing dated September 3,…",
  "key_points": [
    "POWERGRID secured ₹1,152.49 crore bid for 7,500 MW renewable energy project",
    "Project to integrate Gujarat’s Lakadia Renewable Energy Zone capacity",
    "Transmission charges disclosed in exchange filing on September 3, 2026"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}