Bharat Heavy Electricals Limited (BHEL) has secured an order valued between ₹600 crore and ₹900 crore (excluding GST) from Power Grid Corporation of India Limited (PGCIL) for the installation of two synchronous condenser units at Kalyanpur in Gujarat.
The order has been awarded through a Notification of Award (NOA) issued on behalf of PGCIL’s project special purpose vehicle (SPV). Under the contract, BHEL will undertake the design, engineering, manufacturing, supply, erection, testing and commissioning of two synchronous condenser systems, each rated at +300/-200 MVAR. The project is scheduled for completion within 35 months.
The Kalyanpur scheme forms part of the interstate transmission system being developed for the evacuation of renewable energy from projects in Gujarat&’s Jam Khambhaliya Renewable Energy Zone (REZ).
According to BHEL, the contract has been awarded by a domestic entity on an arm&’s- length basis. The company has also stated that neither its promoter group nor any related party has any interest in the awarding entity.
The order follows another contract secured by BHEL from PGCIL for the installation of synchronous condensers at the Barmer-II HVDC terminal in Rajasthan. The projects are part of ongoing efforts to strengthen the transmission network to support the integration of renewable energy into the grid.