• Contract awarded by POWERGRID for the Chandrapur 2×500 MW back-to-back HVDC system
• Scope includes advanced HVDC control systems and valve technology produced in India
• Marks GE Vernova’s first HVDC refurbishment project in the country

DELHI, INDIA – (December 23, 2025) – GE Vernova (NYSE: GEV) announced that its Electrification Systems division has secured a contract from Power Grid Corporation of India Limited, the country’s national transmission operator, to modernize the Chandrapur back-to-back High Voltage Direct Current (HVDC) link. This 1,000 MW interconnection is a key transmission corridor linking western and southern India. The project represents GE Vernova’s first HVDC refurbishment contract in India.

Upgrading a key link between regional grids

The Chandrapur HVDC system plays a crucial role in managing power flows between India’s western and southern regions. Commissioned in the late 1990s, the 1,000 MW back-to-back link enables two-way electricity transfer between areas rich in fossil generation and regions with strong hydro resources, improving dispatch efficiency and optimizing energy use.

As part of the agreement, GE Vernova will modernize both 500 MW converter stations located at Chandrapur (West) and Ramagundam (South). The work includes upgrading control and protection systems and replacing legacy converter valves with advanced solutions manufactured at the company’s facilities in India.

“This important contract strengthens our long-standing partnership with POWERGRID and underscores our commitment to India’s grid modernization,” said Johan Bindele, leader of GE Vernova’s Grid Systems Integration business. “By upgrading this HVDC link with next-generation controls and digital technologies, we will enhance reliability and support the country’s transition to a more secure and sustainable power system.”

Extending asset life and enhancing grid performance

Refurbishing HVDC infrastructure involves upgrading critical components such as converter valves, automation platforms, and protection systems, while minimizing disruption to ongoing operations. These improvements are expected to extend the operational life of the asset, increase efficiency, and provide greater flexibility to accommodate rising levels of renewable energy.

Such refurbishment projects offer utilities a cost-effective pathway to strengthen grid resilience, maximizing the value of existing infrastructure while aligning with modern energy transition requirements.

Supporting India’s clean energy ambitions

India’s target of reaching 500 GW of non-fossil fuel capacity by 2030 depends on robust and flexible transmission systems. HVDC technology plays a key role in transporting large volumes of renewable electricity over long distances with high efficiency.

Modernizing this strategic interregional connection will help unlock that potential by enabling cleaner energy flows, improving system stability, and contributing to the country’s long-term energy security.

Forward-Looking Statements

This document contains forward-looking statements related to future events and expectations, which inherently involve varying levels of uncertainty. These statements may include projections regarding GE Vernova’s business performance, product capabilities, and the expected outcomes of its projects and services. Terms such as “expect,” “anticipate,” “plan,” “intend,” “will,” or “estimate” typically indicate such statements. Actual results may differ due to market conditions, macroeconomic factors, and other risks affecting operations and the global supply chain.

About GE Vernova

GE Vernova (NYSE: GEV) is a global energy company focused on Power, Wind, and Electrification, supported by accelerator businesses. With more than 130 years of experience, the company plays a key role in advancing the energy transition by expanding electrification while reducing carbon emissions.

Headquartered in Cambridge, Massachusetts, GE Vernova employs approximately 85,000 people across more than 100 countries. Guided by its mission, The Energy to Change the World, the company develops technologies that help deliver a more reliable, sustainable, and secure energy future.

GE Vernova’s Grid Solutions business provides advanced technologies and systems for power transmission and distribution, supporting modern, resilient, and decarbonized energy networks worldwide.

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