Power Grid Corporation of India has secured a major transmission project to evacuate 6 GW of solar power from Rajasthan. Awarded under the TBCB framework, the BOOT project involves building an 800 kV HVDC link connecting Rajasthan to Maharashtra. This win is set to generate annual transmission charges of Rs 3,244.33 crore, providing long-term revenue visibility and cementing the company's critical role in India's renewable energy infrastructure.
Power Grid Secures Rs 3,244 Crore Rajasthan Solar Transmission Project
Annual Transmission Charges: Rs 3,244.33 Crore | Project Capacity: 6,000 MW Solar Evacuation
Reader Takeaway: Secures stable long-term revenue stream for Power Grid while strengthening India's critical renewable energy transmission infrastructure.
What just happened
Power Grid Corporation of India Ltd (POWERGRID) has been named the successful bidder for the transmission system supporting the evacuation of 6 GW of power from the Rajasthan REZ Phase-IV (Part-5) project. The company received the Letter of Intent (LoI) on September 2, 2026. This project will be executed under the Tariff Based Competitive Bidding (TBCB) framework using a Build, Own, Operate and Transfer (BOOT) model.
Why this matters
This project is a critical component of India’s green energy transition, designed to transport large-scale solar power from the Barmer complex in Rajasthan to high-demand areas. The 6 GW capacity addition underscores Power Grid's dominance in long-distance, high-voltage transmission. The project involves building 6,000 MW, ± 800 kV HVDC terminals at Barmer-II and South Kalamb, along with a 1,000 km HVDC bipole line across Rajasthan, Gujarat, and Maharashtra.
What changes now
For shareholders, the project provides predictable, long-term revenue through the annual transmission charges of Rs 3,244.33 crore. This contract strengthens the company's asset base and expands its operational footprint in renewable energy evacuation, which is a key priority for national grid stability.
Risks to watch
Investors should closely track the project's execution timeline and potential regulatory or land acquisition hurdles that often accompany large-scale infrastructure projects spanning multiple states. Managing construction costs for a 1,000 km HVDC line will be a key performance indicator.
What to track next
Future disclosures regarding the project's ground-breaking milestones, commissioning schedules, and the impact of the newly added assets on the company's consolidated earnings report.