Power Grid Corporation of India has executed Memorandum of Understanding (MoU) with Rajasthan Rajya Vidyut Prasaran Nigam (RRVPNL) on 10 March 2024 to incorporate a Joint Venture (JV) Company for development of Intra State Transmission System in the state of Rajasthan with an equity Participation of 74% by POWERGRID and 26% by RRVPNL. The proposed JV company shall undertake projects worth upto Rs. 10,000 crore in a phased manner.