Bid process coordinator PFC Consulting Ltd (PFCCL) has transferred two project special purpose vehicles, related to TBCB-based power transmission schemes, to the winning developer Adani Transmission Ltd.
In a stock exchange filing, PFCCL said that the following two project SPVs were transferred to Adani Transmission Ltd, on January 18, 2022:
- Karur Transmission Limited established for the development of “Evacuation of power from RE sources in Karur/Tirrupur Wind Energy Zone (Tamil Nadu) (1000 MW) under Phase I”
- Khavda-Bhuj Transmission Limited established for the development of “Transmission Scheme for Evacuation of 3 GW RE Injection at Khavda P.S. under Phase-I.
Also read: PFC Incorporates New Subsidiary For Power Transmission Project
It may be recalled that Adani Transmission Ltd, on around December 25, 2021, had emerged as the successful bidder for these two intrastate transmission schemes, and will be developing the two aforementioned schemes in the build-own-operate-maintain (BOOM) mode, under a 35-year concession period.
The two projects – Khavda Bhuj Transmission Ltd and Karur Transmission Ltd – will involve capital expenditure of Rs.1,200 crore and Rs.200 crore, respectively. (Read full story)
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