PowerGrid Expands Nuclear Power Transmission with ₹7.44 Crore Strategic Acquisition

Power Grid Corporation of India Limited (POWERGRID) has acquired Kudankulam ISTS Transmission Limited (KISTSTL) for ₹7.44 crore through Tariff Based Competitive Bidding1. The acquisition includes establishing a crucial 400kV transmission line connecting Kudankulam Nuclear Power Plant units 3 and 4 (2x1000 MW) to the Tuticorin-II substation in Tamil Nadu12. This strategic project, estimated to cost ₹548 crore, will be executed on a Build, Own, Operate, and Transfer (BOOT) basis3. The acquisition strengthens POWERGRID's transmission infrastructure portfolio and ensures efficient power evacuation from the upcoming nuclear power units.

Source: Business Standard