PGCIL acquires Mohanlalganj Transmission
Power Grid Corporation of India (PGCIL) has acquired Mohanlalganj Transmission Limited (MTL) from PFC Consulting Ltd. (PFCCL) via Tariff Based Competitive Bidding (TBCB) mode. This information was given by PGCIL in a stock filing dated 31st May 2022. Mohanlalganj Transmission is a Special Purpose Vehicle (SPV) for development of Intra-State Transmission infrastructure in Uttar Pradesh.
The purpose of MTL is the construction of 400/ 220/ 132 KV GIS Substation at Mohanlalganj (Lucknow) with associated 400KV lines and other 765 KV and 400 KV LILO lines at 765 KV GIS substation at Rampur and 400 KV Line-In Line-Out (LILO) (Quad Moose on Monopole) at 400 KV GIS substation Sector 123 Noida.
PGCIL shall develop the project in build, own, operate and maintain (BOOM) basis. The project is to be completed in a period of 18 months.