Bid process coordinator REC Power Development & Consultancy Ltd (RECPDCL) has formally transferred project SPV “Rajasthan IV 4B Power Transmission Ltd” to the winning developer Dineshchandra R. Agarwal Infracon Pvt Ltd (DRAIPL).
DRAIPL emerged as the successful bidder under the tariff-based competitive bidding (TBCB) mechanism for the interstate transmission system (ISTS) termed as “Transmission system for evacuation of power from Rajasthan REZ Ph-IV (Part 4: 3.5 GW): Part B.”
This marks the formal entry of EPC player DRAIPL in the power transmission development space. As reported by T&D India on November 28, 2024, the winning developer was issued the letter of intent by RECPDCL after winning the project that saw the participation of three most seasoned players – Power Grid Corporation of India Ltd (PGCIL), Sterlite Power and Adani Energy Solutions Ltd. (AESL). Details on the tariffs quoted by DRAIPL and other bidders are awaited.
The SPV was handed over by T.S.C. Bosh, CEO, RECPDCL to Amit Kumar, Senior Vice President, Dineshchandra R. Agrawal Infracon Pvt Ltd in the presence of senior officials of RECPDCL, DRAIPL and Central Transmission Utility of India Ltd. (See photograph)
The project
With a gestation period of 24 months, this project seeks to build a new 765/400kV, 2×1500 MVA substation (AIS) to be known as “Merta-II substation,” in Rajasthan. This substation will have connectivity with other substations/pooling stations like Barmer-I, Beawar and Dausa – all in Rajasthan. In all, the project entails 578 km of 765kV and 73 km of 400kV transmission lines. The project is estimated to cost Rs.5,177.41 crore, according to a release issued by RECPDCL.
Part A
The overall scheme “Transmission system for evacuation of power from Rajasthan REZ Ph-IV (Part 4: 3.5 GW)” has two components – Part A and Part B.
On December 30, 2024 itself, RECPDCL also transferred the project SPV corresponding to Part A to winning developer PGCIL. Here are basic project details:
Project SPV: Rajasthan IV 4B Power Transmission Ltd
Selected developer: Power Grid Corporation of India Ltd
Project: Transmission system for evacuation of power from Rajasthan REZ Ph-IV (Part 4: 3.5 GW): Part B
Gestation period: 24 months from SPV transfer date
Estimated project cost: Rs.5,378.03 crore
Project location: Uttar Pradesh, Rajasthan
Project elements: 765/400kV 2×1500 MVA Ghiror substation (Uttar Pradesh), augmentation of Barmer-I PS (Rajasthan), 765kV lines (283.05 km), 400kV lines (43.28 km), and associated works
Project objective: Evacuation of 3.5 GW of RE power from Rajasthan renewable energy zones (in conjunction with Part B)
Also See: Formal transfer of three ISTS-TBCB projects expected soon (December 23, 2024)
