Tata Power stated that Jejuri Hinjewadi Power Transmission Limited, which is a special purpose vehicle (SPV) company, will be developed on a Build-Own-Operate-Transfer basis to provide transmission services for a period of 35 years.
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Tata Power has officially announced through an exchange filing that it has received a Letter of Intent (LoI) from REC Power Development and Consultancy Ltd for the acquisition of Jejuri Hinjewadi Power Transmission Ltd.
Tata Power stated that Jejuri Hinjewadi Power Transmission Limited, which is a special purpose vehicle (SPV) company, will be developed on a Build-Own-Operate-Transfer basis to provide transmission services for a period of 35 years.
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The annual transmission charge for the project is set at Rs 155.78 crore. The company added that the project is scheduled to be operational within 24 months of the SPV transfer date.
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The company stated that the Jejuri project involves the construction of approximately 115 km of 400 kV double-circuit line between Jejuri and Hinjewadi, as well as the extension of 400 kV GIS line bays at substations in both locations.
The development comes after Tata Power recently commissioned its 400 kV Koteshwar–Rishikesh transmission line, which is a critical link to enable transmission of 1,000 MW of hydropower from the Tehri–Koteshwar generation complex in Uttarakhand to Northern Indian states and union territories.
The Jejuri project will channel clean, renewable energy not only to Uttarakhand but also to Haryana, Punjab, Uttar Pradesh, Jammu & Kashmir, Himachal Pradesh, Chandigarh, Rajasthan as well as Delhi, significantly strengthening regional energy security and grid reliability.
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