The Power Grid Corporation of India Limited (POWERGRID) has on Tuesday acquired the Project Special Purpose Vehicle (SPV), Kakinada-I Transmission Limited through competitive bidding.

Under the project, POWERGRID, a Maharatna CPSE under Ministry of Power, Government of India, will establish a new 765/400 kV Gas Insulated Substation (GIS) at Kakinada, Andhra Pradesh, with 3×1500 MVA transformation capacity, along with a 240 MVAr Bus Reactor and associated works. The project scope also includes LILO of the Vemagiri–Srikakulam 765 kV D/C transmission line at Kakinada Substation and installation of a ±300 MVAr STATCOM with 2×125 MVAr MSC. The project is an Inter-State Transmission System and is scheduled to be commissioned within 30 months from the date of SPV acquisition. It will facilitate power supply to the proposed Green Hydrogen / Green Ammonia projects in the Kakinada region.

POWERGRID, through its various Project SPVs acquired through the tariff-based bidding route, is implementing several transmission projects on a Build, Own, Operate and Transfer (BOOT) basis. These projects will strengthen India’s transmission infrastructure for evacuation of green energy to the national grid, thereby reducing dependence on fossil fuels and supporting the GOI’s vision of achieving 500 GW of renewable energy capacity by 2030.

As on May 31, 2026, POWERGRID has commissioned and is operating 291 substations, over 1,85,750 circuit kilometres of transmission lines, and 6,30,516 MVA of transformation capacity and has maintained an average transmission system availability of over 99.84% with use of advanced technology.