Business IdeasRPTL bags 2 power transmission projects worth Rs 4,100 cr
These independent projects are likely to end the monopoly of PowerGrid.
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Reliance Power Transmission Ltd (RPTL), a subsidiary of Reliance Infrastructure, is believed to have bagged two transmission projects worth Rs 4,100 crore connecting six states.
“RPTL has emerged as the winner for two independent transmission projects (ITPs),” a Rural Electrification Corporation (REC) official said. State-run REC is the nodal agency for these ITPs.
RTPL North Karanpura Transmission project is worth around Rs 2,700 crore, while Talcher-II is of Rs 1,400 crore.
The 1,045-km-long North Karanpura transmission line will be implemented in 30-42 months. It will serve Madhya Pradesh, Chhattisgarh, Uttar Pradesh and Haryana.
Talcher-II is 592-km long and will be implemented in 30 months. It will cater to Orissa and Andhra Pradesh.
Meanwhile, Sterlite Technologies has been declared winner for the first independent transmission project, the East-North Interconnection project, for which the nodal agency is PFC Consulting, the wholly-owned subsidiary of state-run Power Finance Corporation.
The Rs 950-crore East-North interconnection is 950-km long and will be implemented in 36 months (from the date of issuance of letter of intent), covering Assam, West Bengal and Bihar.
These independent transmission projects are likely to end the monopoly of central transmission utility, PowerGrid Corporation.
PFC Consulting has constituted two entities — Jabalpur Transmission Company and Bhopal Dhule Transmission Company — to set up the independent transmission projects.
The transmission lines would serve Dharmajaygarh-Bhopal-Dhule-Jabalpur-Bina network, a source close to the development said, adding that PFC Consulting should be able to come out with a request for qualification for the transmission projects before March 2010.
The two special purpose vehicles (SPVs) would execute the projects.
PFC Consulting is hopeful of securing more such assignments in the near future, once the states show their willingness to set up intra-state transmission links.