Power Grid Corporation of India Limited (POWERGRID) has announced the successful acquisition of Kurnool III PS RE Transmission Limited (KPRTL) under the Tariff-Based Competitive Bidding (TBCB) route. The acquisition was finalized on March 27, 2025, with a total consideration of Rs 19.04 crore, which includes 10,000 equity shares at par value along with associated assets and liabilities. The final amount may be adjusted post audit.
The project, based entirely in Andhra Pradesh, aims to establish the “Transmission System Strengthening at Kurnool-III PS for Integration of Additional RE Generation Projects” on a Build, Own, Operate and Transfer (BOOT) basis.
Key Highlights:
- Acquired Entity: Kurnool III PS RE Transmission Limited (KPRTL)
- Purpose: Strengthening of transmission infrastructure at Kurnool-III PS and extension at C’peta Substation, including 765kV D/C transmission lines
- Transaction Type: 100% acquisition through cash consideration
- Sector: Power transmission
- Date of Incorporation (KPRTL): November 29, 2024
- Turnover: KPRTL has not commenced operations; no turnover recorded yet
- Regulatory Approvals: Approvals for transmission license and tariff adoption will be sought from the Central Electricity Regulatory Commission (CERC)
POWERGRID emerged as the winning bidder through the competitive process conducted by PFC Consulting Limited (PFCCL) and continues to expand its footprint in India’s energy infrastructure development.
