Apraava Energy acquires ISTS-TBCB project SPV “Ananthapuram Transmission Ltd”
- August 4, 2026
Apraava Energy, on August 3, 2026, acquired the special purpose vehicle (SPV), Ananthpuram Transmission Ltd, for developing an interstate transmission project in Ananthapur, Andhra Pradesh.
The project was awarded through the Government of India’s tariff-based competitive bidding (TBCB) process, Apraava Energy said in a release.
The project involves the setting up of 250 ckm of 765kV transmission lines, along with a 4,500 MVA (3×1500 MVA) 765kV pooling station, including the installation of a ±300 MVAR static synchronous compensator (STATCOM).
This project will strengthen the interstate transmission infrastructure in the state of Andhra Pradesh by facilitating the integration and evacuation of ~3 GW of renewable energy from Ananthapur region.
Developed under the build, own, operate and transfer (BOOT) model, the asset will provide transmission services for a concession period of 35 years following commissioning. The completion timeline is set at 36 months from the date of signing of the Transmission Service Agreement (TSA). It is also expected to generate significant direct and indirect employment opportunities during the construction and operational phases.
On July 16, 2026, tndindia.com had reported that Apraava Energy was likely to clinch the Ananthapuram-III interstate scheme. (Read full story)
First investment in Andhra Pradesh
Commenting on the win, Rajiv Ranjan Mishra, Managing Director, Apraava Energy, said, “Apraava is pleased to expand its transmission footprint in Andhra Pradesh. The state’s strong development trajectory, progressive approach to clean energy, and immense renewable energy potential make it an important part of India’s energy transition. We are particularly excited to mark this as our first investment in Andhra Pradesh and look forward to exploring more opportunities to invest in the state. A strong and resilient transmission network is fundamental to unlocking this potential and strengthening India’s long-term energy security. At Apraava Energy, we are proud to partner in this national endeavour by developing high-quality transmission assets that strengthen the grid, enable renewable energy integration, and support India’s sustainable growth.”
Apraava Energy portfolio
Apraava currently operates three transmission assets comprising 1,000 ckm of transmission lines and 3,500 MVA of substation capacity. With the addition of Ananthpuram Transmission Limited, Apraava now has four greenfield transmission projects under construction, adding around 1,180 ckm of transmission lines and 13,500 MVA of substation capacity.