Meanwhile, the shares of Hitachi Energy India surged 9.18% to Rs 12,736.20 on the BSE.
“A consortium of M/s Bharat Heavy Electricals Limited (BHEL) and M/s Hitachi Energy India Limited has been awarded the contract for establishment of + 800, 6000MW High Voltage Direct Current (HVDC) terminal stations at Khavda Pooling Station-2 (KPS2) (HVDC) & Nagpur (HVDC) for evacuation of renewable power from Khavda region in Gujarat to Nagpur in Maharashtra,” said company in a filing to the exchanges.
The project involves the designing and execution of the + 800kV, 6,000 MW, 1,200km High Voltage Direct Current (HVDC) terminal stations to evacuate renewable energy from Khavda in Gujarat to Nagpur in Maharashtra.
Power Grid Corporation of India secured Khavda Phase V: Part A Power Transmission, the first-ever HVDC project tendered through a tariff-based competitive bidding (TBCB) process and subsequently selected Bharat Heavy Electricals Limited and Hitachi Energy India Ltd for the implementation of bi-directional parallel HVDC bipoles and associated AC substations for power evacuation.
This project is part of the interstate transmission system (ISTS) for evacuating 8GW of renewable energy under Phase V: Part A from the Khavda Renewable Energy Zone in Gujarat, feeding into the country’s 500GW renewable evacuation & transmission plan. BHEL also informed that the project is likely to be completed by 2029.Also read: Vedanta seeks up to $1.2 billion via bonds to refinance debt
The shares of BHEL closed 3% higher at Rs 241.45 on the BSE on Monday.
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