REC Ltd has incorporated a step-down wholly-owned subsidiary that would act as a project special purpose vehicle (SPV) for development of an interstate transmission scheme in Maharashtra.
In a recent stock exchange communication, REC Ltd said that REC Power Development & Consultancy Ltd (RECPDCL), a wholly-owned subsidiary of REC Ltd, has incorporated a wholly-owned subsidiary named “Kallam Transco Ltd” (KTL).
KTL will house an ISTS scheme officially named “Western Region Network Expansion Scheme in Kallam area of Maharashtra.”
RECPDCL has been named as the bid process coordinator for selecting the bidder (transmission service provider or TSP) of the aforementioned scheme, under the TBCB mode.
As per the standard procedure, RECPDCL will transfer this project SPV, along with all its assets and liabilities, to the successful bidder upon its selection.
Project Background
A total of 2 GW of renewable energy capacity is planned to be fed to the Kallam pooling station in Maharashtra.
The transmission system for evacuation of power from RE Projects in Osmanabad area (1 GW) in Maharashtra is presently under implementation by Kallam Transmission Ltd (owned by India Grid Trust or IndiGrid) under the TBCB route, and is scheduled for completion in October 2023. Further, augmentation of transformation capacity at Kallam PS by 2×500 MVA, 400/220kV ICTs (3rd & 4th) along with 220kV bays for RE interconnection is also under implementation as an RTM (regulated tariff mechanism) project, once again by Kallam Transmission Ltd. This project is expected to commission by May 2024.
Now, given that additional connectivity has also been granted to Torrent Power at 400kV level, there is cumulative requirement of evacuation of about 3.25 GW (2 GW at 220kV level and 1.25 GW at 400kV level) from Kallam PS.
The transmission system envisaged under “Kallam Transco Ltd” seeks to enable evacuation of power beyond 1 GW and up to 3.25 GW at Kallam PS. Envisaged for completion in 24 months, the said transmission scheme is expected to cost Rs.160 crore.
Also Read: Additional evacuation infrastructure planned In Kallam area
Featured photograph (source: IndiGrid) is for representation only.
