Power Grid Corporation of India Ltd (PGCIL) has won an interstate transmission system (ISTS) scheme, housed under project SPV “Vataman Transmission Ltd,” under the tariff-based competitive bidding (TBCB) route.
The scheme for which the letter of intent was received by PGCIL on December 4, 2023 will be developed on BOOT (build, own, operate & transfer) basis, PGCIL said in a stock exchange filing.
The transmission project is officially termed as “Transmission system for evacuation of additional 7 GW of RE power from Khavda RE park under Phase III Part B”.
According to information available with T&D India, the ISTS project under discussion is estimated to cost Rs.4,231.49 crore and will have an implementation period of 24 months.
The proposed transmission system will have several elements, the major ones being:
- A 765kV switching station near Vataman with 2×330 MVAr, 765kV bus reactors
- A 765kV double-circuit line from Halvad to Vataman (route length: 170 km)
- A 765kV double-circuit line from Vataman switching station to Navsari (new) GIS substation (route length: 200 km)
It is also learnt that three bidders, including PGCIL, were qualified for opening of initial price bids, by bid process coordinator PFC Consulting Ltd. The other two in question were Sterlite Power and Adani Energy Solutions Ltd.
Part A
The overall project ““Transmission system for evacuation of additional 7 GW of RE power from Khavda RE park under Phase III” has another component “Part A” housed under the project SPV “Halvad Transmission Ltd” and expected to cost Rs.3,067 crore.
Bidding for “Part A” is currently underway and it is learnt that the same three bidders, as for Part B, are in the final fray. Bid process coordinator PFC Consulting Ltd is expected to soon announce the successful bidder, it is learnt.
Also read: PGCIL Wins Two Interstate TBCB Schemes For RE Evacuation
Featured photograph for representation only.
