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Rs 6.5k cr up for grabs in transmission

Rs 6.5k cr up for grabs in transmission

Over the next two months, the government will call global tariff bids to award contracts for laying five mega power transmission lines worth Rs 6,485 crore. At least 30 companies including Tata Power, Lanco Infratech, L&T Transco, GMR Energy, Gammon India, Patel Engineering, Simplex Infrastructures, JSW Energy, CESC and Soma Enterprise are likely to bid for the projects. Foreign players like Spain's Isolux Corsan and Instalaciones Inabensa have also been eyeing an entry into the Indian power transmission space.

The five projects would be bid out by state-run Power Finance Corporation (PFC) and Rural Electrification Corporation (REC). An empowered committee has recommended that the five transmission schemes be taken up through tariff-based competitive bidding route, a government official said. The five contracts would include setting up high capacity 756 kV transmission lines in the southern and eastern regions.

The schemes include transmission systems to evacuate power from projects at Nagattipatnam near Chennai and Vemagiri in Andhra Pradesh to Kolhapur in Maharashtra and Jabalpur in MP. PFC and REC have so far awarded six such projects worth Rs 10,860 crore pertaining mainly to strengthen interconnection between northern and western region.

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