Infrastructure Contract
POWERGRID Declared Successful Bidder for Green Hydrogen Transmission Project in Andhra Pradesh under TBCB
NSE
powergrid
BSE
532898
Power Grid Corporation of India Limited (POWERGRID) has been declared the successful bidder under the Tariff Based Competitive Bidding (TBCB) route for establishing an Inter-State Transmission System (ISTS) associated with the proposed Green Hydrogen and Green Ammonia projects in the Kakinada area of Andhra Pradesh. The company has received the Letter of Intent (LoI) on June 12, 2026.
PRICE-SENSITIVE TRIGGER
Event: Successful Bidder Declaration under TBCB
Type: Transmission Infrastructure Contract
Impact: Positive
Immediate Effect: POWERGRID has secured development rights for a strategic interstate transmission project supporting emerging green hydrogen and green ammonia infrastructure, strengthening its transmission project pipeline.
Key Metrics:
- Project Value: Not Disclosed
- Letter of Intent Received: June 12, 2026
- Project Mode: Build, Own, Operate and Transfer (BOOT)
- Transmission Infrastructure: 765/400 kV GIS Substation
- Additional Asset: STATCOM Installation
- Transmission Network: 765 kV Transmission Line Works
Highlight:
- POWERGRID has secured a new interstate transmission project supporting the Green Hydrogen and Green Ammonia ecosystem in Andhra Pradesh through a competitive bidding process.
What Happened ?
Power Grid Corporation of India Limited informed the stock exchanges that it has been declared the successful bidder under the Tariff Based Competitive Bidding (TBCB) mechanism for the project titled “Transmission System for proposed Green Hydrogen / Green Ammonia projects in Kakinada area (Phase-I)”.
The project will be developed on a Build, Own, Operate and Transfer (BOOT) basis. The company received the Letter of Intent (LoI) on June 12, 2026, confirming its selection for the project.
The award aligns with India’s ongoing investment in green hydrogen infrastructure and renewable energy-linked transmission networks.
Key Details
Project Scope and Execution:
- POWERGRID selected as successful bidder through the TBCB route.
- Project relates to transmission infrastructure for Green Hydrogen and Green Ammonia projects in Kakinada, Andhra Pradesh.
- Development to be executed under the BOOT model.
- Letter of Intent received on June 12, 2026.
- Project includes establishment of a new 765/400 kV GIS substation.
- Scope includes deployment of STATCOM infrastructure.
- Project also comprises 765 kV transmission line works.
- Infrastructure will support evacuation and grid integration requirements of upcoming green energy projects in the region.
Note:
- The project expands POWERGRID’s regulated transmission asset base and strengthens its participation in infrastructure supporting India’s energy transition and green hydrogen ecosystem.
Risk Analysis
Summary:
- The project award is strategically positive; however, execution, regulatory approvals, construction timelines and capital deployment remain key monitoring factors until commissioning.
Key Risks:
- Project value and financial returns have not yet been disclosed.
- Construction and commissioning schedules remain subject to execution risks.
- Regulatory and land acquisition approvals may impact timelines.
- Cost escalation in transmission infrastructure projects could affect project economics.
- Revenue realization will depend on successful project completion and operationalization.
Worst Case Scenario:
- Delays in project execution, approvals or commissioning could defer asset capitalization and expected transmission revenues.
Risk Level: Medium
Company Commentary
- POWERGRID has been declared the successful bidder under Tariff Based Competitive Bidding.
- The project pertains to the transmission system for proposed Green Hydrogen and Green Ammonia projects in the Kakinada area of Andhra Pradesh.
- The project will be implemented on a Build, Own, Operate and Transfer basis.
- The Letter of Intent was received on June 12, 2026.
- The project includes a new 765/400 kV GIS substation, STATCOM installation and 765 kV transmission line works.
Official Exchange Filing: Power Grid Corporation of India Limited
