IndiGrid Wins 2 Transmission Projects: Over Rs 1,000 Crore Investment
By Rediff Money Desk, NEWDELHI Jan 02, 2024 20:44
IndiGrid, India's first listed power sector InvIT, has secured two interstate transmission projects worth over Rs 1,000 crore, involving construction of greenfield transmission lines.
New Delhi, Jan 2 (PTI) Infrastructure investment trust India Grid has bagged two inter-state transmission projects involving capital expenditure of more than Rs 1,000 crore.
IndiGrid, India's first listed power sector infrastructure investment trust (InvIT), has received Letters of Intent from REC Power Development and Consultancy Limited for the construction of two greenfield inter-state transmission projects, won through the Tariff Based Competitive Bidding (TBCB) mechanism, a statement said.
Both projects are to be developed on a Build, Own, Operate and Transfer (BOOT) basis for a period of 35 years.
With a total estimated capital expenditure of over Rs 1,000 crores, both projects have a construction timeline of 24 months each, it stated.
The first project, with annual transmission charges of Rs 53 crore post commissioning, is for evacuation of power from the Dhule 2GW renewable energy zone.
The second project, with annual transmission charges of Rs 62.5 crore post commissioning, is for establishment of the Western Region Expansion Scheme XXXIII (WRES-XXXIII) Part-C.
IndiGrid, India's first listed power sector infrastructure investment trust (InvIT), has received Letters of Intent from REC Power Development and Consultancy Limited for the construction of two greenfield inter-state transmission projects, won through the Tariff Based Competitive Bidding (TBCB) mechanism, a statement said.
Both projects are to be developed on a Build, Own, Operate and Transfer (BOOT) basis for a period of 35 years.
With a total estimated capital expenditure of over Rs 1,000 crores, both projects have a construction timeline of 24 months each, it stated.
The first project, with annual transmission charges of Rs 53 crore post commissioning, is for evacuation of power from the Dhule 2GW renewable energy zone.
The second project, with annual transmission charges of Rs 62.5 crore post commissioning, is for establishment of the Western Region Expansion Scheme XXXIII (WRES-XXXIII) Part-C.
Read More On:
DISCLAIMER - This article is from a syndicated feed. The original source is responsible for accuracy, views & content ownership. Views expressed may not reflect those of rediff.com India Limited.
TODAY'S MOST TRADED COMPANIES
- Company Name
- Price
- Volume
- Vodafone Idea L
- 17.90 ( -3.35)
- 166585989
- Alstone Textiles
- 0.75 (+ 8.70)
- 47681821
- GTL Infrastructure
- 3.27 (+ 4.81)
- 44040612
- Visagar Financial
- 0.91 (+ 12.35)
- 29755394
- YES Bank Ltd.
- 23.70 (+ 0.77)
- 22163699
MORE NEWS
Indian Economy Growth: Exports, Manufacturing &...
Mumbai, June 30 (PTI) Healthy increase in the country's exports, improvement in the...
India Launches Anti-Dumping Probe on Glass...
New Delhi, June 30 (PTI) India has initiated an anti-dumping probe into the import of...
IBBI Launches Electronic Forms for Liquidation...
New Delhi, Jun 30 (PTI) To ease the compliance burden for insolvency professionals, and...