Tata Power wins Paradeep Transmission
Tata Power has won its second interstate transmission system (ISTS) scheme under the tariff-based competitive bidding (TBCB) modality.
Image for illustration purposes.
India, Mumbai: Tata Power has won its second interstate transmission system (ISTS) scheme under the tariff-based competitive bidding (TBCB) modality. The company has received the letter of intent from bid process coordinator PFC Consulting Ltd (PFCCL) to acquire project special purpose vehicle (SPV) Paradeep Transmission Ltd, currently a wholly owned subsidiary of PFCCL. The project SPV was incorporated on November 30, 2023, to develop an ISTS scheme formally called Eastern Region Expansion Scheme-XXXIV (ERES-XXXIV).
The project is estimated to cost INR2564.24 crore ($305.4 million). It has an implementation timeframe of 24 months from the date of formal transfer of project SPV, from PFCCL to the company. It will be developed under the BOOT (build, own, operate & transfer) mode under a 35-year concession period, and will be geographically located in Odisha.
The major project elements are a new 765/400 kV, 2×1500 MVA GIS substation at Paradeep in Odisha, a 190 km, 765 kV double-circuit line from the proposed Paradeep GIS substation to PGCIL’s existing Angul substation in Odisha and a 12 km, 400kV double-circuit (quad) line from the proposed Paradeep GIS substation to the existing Paradeep substation of Odisha Power Transmission Corporation Ltd. The project aims to transmit renewable energy from outside Odisha to Paradeep. The scheme is expected to help meet the large projected demand from industrial consumers in the Paradeep region.
Source: T&D India
