Power Grid Corporation of India (PGCIL) has successfully acquired Mandsaur I RE Transmission (MIRETL), on 08 October, 2025, after winning the tariff-based competitive bidding process.
The acquisition of the SPV, made from PFC Consulting (PFCCL), marks a significant step in establishing the “Augmentation of transformation capacity and Implementation of line bays at Mandsaur Substation for RE Interconnection” project on a build, own, operate, and transfer (BOOT) basis. The project involves augmentation work at the under-construction Mandsaur Pooling Station in Madhya Pradesh, aimed at strengthening renewable energy integration in the region.
This move is expected to enhance the capacity and reliability of renewable energy transmission infrastructure, supporting India’s growing renewable energy targets and grid stability in Madhya Pradesh..