Project Commissioning
POWERGRID Successfully Commissions 7 GW Renewable Energy Evacuation Transmission Project in Gujarat
NSE
powergrid
BSE
532898
Power Grid Corporation of India Limited (POWERGRID) has successfully commissioned the Transmission System for Evacuation of Power from Potential Renewable Energy Zone in Khavda Area of Gujarat under Phase IV (7 GW) – Part E4. The project became operational with effect from June 21, 2026, strengthening India’s renewable energy transmission infrastructure.
PRICE-SENSITIVE TRIGGER
Event: Commissioning of a renewable energy transmission project in Gujarat.
Type: Project Commissioning
Impact: Positive
Immediate Effect: The transmission asset has been declared commercially operational, enabling evacuation of renewable power from the Khavda Renewable Energy Zone and contributing to POWERGRID’s regulated transmission asset base.
Financials:
Financial Metrics:
- Project:Â Transmission System for Evacuation of Power from Potential RE Zone in Khavda Area of Gujarat
- Phase: Phase IV (7 GW) – Part E4
- Commercial Operation Date (COD):Â June 21, 2026
- DOCO Issued:Â July 13, 2026
- DOCO Received by Company:Â July 14, 2026
Highlight:
- POWERGRID has commissioned another transmission project supporting evacuation of renewable energy from the 7 GW Khavda Renewable Energy Zone in Gujarat.
What Happened ?
POWERGRID informed the stock exchanges that it has successfully commissioned the Transmission System for Evacuation of Power from Potential Renewable Energy Zone in Khavda Area of Gujarat under Phase IV (7 GW) – Part E4.
The project achieved commercial operation with effect from June 21, 2026, while the Declaration of Commercial Operation (DOCO) dated July 13, 2026 was received by the company on July 14, 2026.
The commissioning has been carried out in accordance with the applicable provisions of the Central Electricity Regulatory Commission (CERC) regulations.
key details
Project Details:
- Transmission project commissioned for evacuation of renewable energy from the Khavda Renewable Energy Zone.
- Forms part of Phase IV (7 GW) transmission infrastructure.
- Commercial operation effective from June 21, 2026.
- DOCO dated July 13, 2026 received on July 14, 2026.
- Project commissioned under applicable CERC Tariff Regulations, 2024 and Indian Electricity Grid Code Regulations, 2023.
Note:
- The company disclosed the commissioning under Regulation 30 of the SEBI (LODR) Regulations.
Strategic Importance:
- Strengthens India’s renewable energy transmission network.
- Supports evacuation of power from one of the country’s largest renewable energy zones.
- Adds another regulated transmission asset to POWERGRID’s portfolio.
- Supports national renewable energy integration and grid reliability.
- Reinforces POWERGRID’s role as the country’s primary interstate transmission utility.
Risk Analysis
Summary:
- The project has already entered commercial operation, reducing execution-related risks. Future returns will depend on regulated tariff recovery and operational performance under the applicable regulatory framework.
Key Risks:
- Regulatory changes affecting transmission tariffs.
- Grid utilization and renewable generation availability.
- Operational reliability of the transmission network.
- Future policy changes impacting regulated returns.
Worst Case:
- Any adverse regulatory revisions, delays in tariff recovery or lower-than-expected utilization of the renewable transmission corridor could affect future earnings from the asset.
Risk Level: Low
Company Commentary
- POWERGRID has successfully commissioned the transmission project.
- Commercial operation became effective from June 21, 2026.
- The commissioning complies with the provisions of the applicable CERC Tariff Regulations and Grid Code Regulations.
- The company received the Declaration of Commercial Operation on July 14, 2026.
Official Exchange Filing: Power Grid Corporation of India Limited
