Power Grid Corporation of India, pursuant to its selection as the successful bidder under Tariff based competitive bidding, has acquired Khavda V-A Power Transmission (KVAPTL), the Project SPV to establish ‘Transmission System for evacuation of power from potential renewable energy zone in Khavda area of Gujarat under Phase-V (8 GW): Part A’, on build, own, operate and transfer (BOOT) basis from the Bid Process Coordinator - REC Power Development and Consultancy (RECPDCL). The requisite approvals were obtained by the Bid Process Coordinator for transfer of KVAPTL.

The project comprises establishment of 6000 MW, ±800 kV HVDC terminal stations at KPS2 (Gujarat) & Nagpur (Maharasthra), ±800 kV HVDC KPS2 - Nagpur Bipole line (around 1200 km) traversing in the states of Gujarat & Maharasthra, LILO of Wardha - Raipur 765 kV D/c line at Nagpur (Maharashtra), and associated equipment/interconnections at terminal stations.

Power Grid Corporation of India is an Indian state-owned electric utilities company headquartered in Gurgaon, India.