Evecon and PowerGrid Enter Joint Venture for Transmission Line Project

By Global Infrastructure Sherpa · Oct 20, 2025

Jv Transmission announced Canada Oct 20, 2025

USD75M

Deal Value

3 GW

Capacity

Evecon and PowerGrid formed a joint venture to develop a new high-voltage transmission line in Canada. The project will improve grid reliability and facilitate the integration of renewable energy sources.

Source Intelligence

KEY DETAILS

The project will be executed on a Build, Own, Operate, and Transfer (BOOT) basis. Quote: The project will be executed on a Build, Own, Operate, and Transfer (BOOT) basis.

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Capacity

It will facilitate the evacuation of 3 GW of renewable capacity, comprising 0.25 GW at Davanagere and 2.75 GW at Bellary, boosting the region’s green power transmission capabilities.

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Location

strengthen grid infrastructure for integrating additional renewable energy generation at Davanagere and Bellary in Karnataka

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Announcement

The announcement was made through a formal disclosure to the National Stock Exchange of India (NSE) and BSE Limited on January 8, 2026.

PARTIES MENTIONED IN SOURCE

Power Grid Corporation of India Limited winning bidder

"Power Grid Corporation of India Limited ( POWERGRID ), a Central Public Sector Enterprise under the Ministry of Power, has emerged as the winning bidder for a major Inter-State Transmission System ( ISTS ) project through a tariff-based competitive bidding process."

medium quality Enriched Feb 19, 2026