Tata Power acquires Bikaner-Neemrana Transmission Project via bidding
Tata Power on Saturday said it has acquired Bikaner-Neemrana Transmission Project through a bidding process.
Bikaner-III Neemrana-II Transmission Ltd is a special purpose vehicle (SPV) set up by PFC Consulting, for the project.
The company has acquired Bikaner-Neemrana Transmission Project to boost renewable energy evacuation in India, a company statement said.
The company received the letter of intent (LOI) after emerging as a successful bidder in the Tariff-Based Competitive Bidding (TBCB) process, as per the guidelines issued by Ministry of Power, it added.
