Apraava Energy has won its first set of greenfield projects in the power transmission development space.
In a release, Apraava Energy (formerly CLP India) said that it has been awarded two interstate transmission projects in Rajasthan under the tariff-based competitive bidding (TBCB) route.
The two projects SPVs are:
- Fatehgarh III Transmission Ltd
Project Scope: Development of around 230 km of 400kV double-circuit line from Fatehgarh-3 to Bhadla-3
- Fatehgarh IV Transmission Ltd
Project Scope: Development of 5×500 MVA Fatehgarh-4 pooling station and around 22 km of 400kV double-circuit line from Fatehgarh-4 to Fatehgarh-3
The projects are part of the scheme developed for the evacuation of 20 GW power from Renewable Energy Zones (REZs) in Rajasthan under Phase 3.
Enhancing capabilities
Commenting on the successful bids, Rajiv Ranjan Mishra, Managing Director, Apraava Energy, said, “These two wins will further enhance our capabilities in the transmission business and help accelerate our growth strategy. As India witnesses an increasing share of renewable energy, the need for a robust transmission network to evacuate this power is also growing and we are well placed to contribute to this need. Apraava will work closely with stakeholders in Rajasthan and the Central Transmission Utility (CTU) to successfully build the networks and contribute to India’s green goals.”
35-year concession
Apraava Energy will be responsible for the ownership, financing, development, design, engineering, procurement, construction, commissioning, operation and maintenance of the project, and to provide transmission services for a period of 35 years. At the end of the 35 years, the project will be transferred to Central Transmission Utility of India Ltd (CTU).The construction timelines for both the projects are 18 months.
Leveraging experience
According to Naveen Munjal, Director – Business Development & Commercial, Apraava Energy, “We are geared to put our energy in action and play an active role in building robust transmission networks that will enable transmission of electricity to every corner of the country. These two projects will bring economic opportunities to the region and help create more jobs. We will leverage our years of experience in operating three wind farms in Jaisalmer Region in successfully setting up these greenfield transmission projects in the state.”
Bid process coordinator
According to information independently available with T&D India, the bid process coordinator for both the projects won by Apraava Energy is PFC Consulting Ltd, a wholly-owned subsidiary of Power Finance Corporation.
Further, the two projects, are officially termed as:
- “Transmission system for evacuation of power from REZ in Rajasthan (20 GW) under Phase III –Part A3” (corresponding to Fatehgarh III Transmission Ltd)
- “Transmission system for evacuation of power from REZ in Rajasthan (20 GW) under Phase III –Part A1” (corresponding to Fatehgarh IV Transmission Ltd)
The two project SPVs, currently wholly-owned subsidiaries of PFCCL, will be eventually transferred to Apraava Energy.
Apraava Energys’s power transmission journey
- November 2019: Enters the power transmission sector by acquiring 100 per cent stake in Satpura Transco Pvt Ltd – an intrastate project in Madhya Pradesh. (Read more)
- December 2021: Acquires 49 per cent equity stake in Kohima Mariani Transmission Ltd, an interstate scheme crossing three northeastern states (Read more)
- February 2023: Acquires a further 25 per cent stake in Kohima Mariani Transmission Ltd.
- August 2023: Wins its first set of greenfield power transmission projects — Fatehgarh III Transmission Ltd and Fatehgarh IV Transmission Ltd.
Featured photograph is for representation only.
