Deals Counterparts

PowerGrid wins auction to augment interstate transmission system capacity

Development Transmission announced Mandsaur, India Feb 24, 2026
4.5 GW
Capacity
development
Stage

POWERGRID won PFC Consulting’s auction to augment the interstate transmission system (ISTS) capacity by 4.5 GW and construct line bays at the Mandsaur substation in Madhya Pradesh. The project would evacuate 2,998 MW of renewable energy from the Mandsaur power substation, with an additional 1,500 MW comprising 600 MW from Sprng Energy and 900 MW from NTPC Renewable Energy.

Deal Analysis

PowerGrid's successful bid in PFC Consulting's auction to augment India's interstate transmission system (ISTS) capacity by 4.5 GW represents a significant development in the country's renewable energy infrastructure. The project focuses on evacuating 2,998 MW of renewable energy from the Mandsaur substation in Madhya Pradesh, including dedicated capacity for Sprng Energy (600 MW) and NTPC Renewable Energy (900 MW). This development involves constructing line bays at the Mandsaur substation, further enhancing the grid's ability to integrate and distribute renewable energy sources. This deal is notable due to the involvement of PowerGrid, a central transmission utility in India, highlighting the government's commitment to strengthening the national grid to support renewable energy integration. The 4.5 GW capacity addition is substantial, indicating a significant investment in transmission infrastructure. The project's focus on evacuating renewable energy from a specific region and dedicated capacity for specific renewable energy producers underscores the increasing sophistication of India's renewable energy planning and execution. The deal's announcement in 2026 suggests a forward-looking approach to infrastructure development, anticipating future renewable energy generation capacity.
  • PowerGrid wins auction to augment interstate transmission system capacity by 4.5 GW.
  • Project will evacuate 2,998 MW of renewable energy from the Mandsaur power substation.
  • Includes dedicated capacity for Sprng Energy (600 MW) and NTPC Renewable Energy (900 MW).
  • Involves construction of line bays at the Mandsaur substation in Madhya Pradesh.
Market Context: India's transmission sector is undergoing significant expansion to accommodate the country's ambitious renewable energy targets. PowerGrid, as a central transmission utility, plays a critical role in developing and maintaining the national grid. The development of interstate transmission systems is essential for efficiently distributing renewable energy generated in various regions to demand centers across the country.

Source Intelligence

KEY DETAILS

The project would evacuate 2,998 MW of renewable energy from the Mandsaur power substation, with an additional 1,500 MW comprising 600 MW from Sprng Energy and 900 MW from NTPC Renewable Energy.

Capacity
POWERGRID won PFC Consulting’s auction to augment the interstate transmission system (ISTS) capacity by 4.5 GW
Location
and construct line bays at the Mandsaur substation in Madhya Pradesh.
PARTIES MENTIONED IN SOURCE
P
POWERGRID developer

"POWERGRID won PFC Consulting’s auction to augment the interstate transmission system (ISTS) capacity by 4.5 GW"

P
PFC Consulting advisor

"POWERGRID won PFC Consulting’s auction to augment the interstate transmission system (ISTS) capacity by 4.5 GW"

S
Sprng Energy developer

"with an additional 1,500 MW comprising 600 MW from Sprng Energy and 900 MW from NTPC Renewable Energy."

N
NTPC Renewable Energy developer

"with an additional 1,500 MW comprising 600 MW from Sprng Energy and 900 MW from NTPC Renewable Energy."

medium quality Enriched Feb 26, 2026

Timeline

Announced
Feb 24, 2026
Signed
Closed

Market Context

This deal is part of the Transmission sector in India.
146
Transmission deals
166
deals in India
1 of 145 Transmission deals tracked this month · Updated daily

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