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Epic Research
Power Grid Corporation of India (PGCIL) has acquired Vizag Transmission, the special purpose vehicle, to establish the transmission system for system strengthening in Southern Region for import of power from Eastern Region on ‘build, own, operate and maintain’ (BOOM) basis on August 30, 2013 from REC Transmission Projects Company (the bid process coordinator). The company has taken this step pursuant to its selection as the successful bidder under Tariff based competitive bidding.