Bid process coordinator PFC Consulting Ltd has announced the incorporation of a wholly-owned subsidiary “Paradeep Transmission Ltd” that would develop an interstate transmission system (ISTS) scheme in Odisha.
In a stock exchange communication, Power Finance Corporation (PFC), the holding company of PFC Consulting Ltd (PFCCL), said that “Paradeep Transmission Ltd” has been formed to develop an ISTS scheme officially known as “Eastern Region Expansion Scheme – XXXIV (ERES-XXXIV)”.
This project SPV will be transferred by PFCCL to the successful bidder that will be selected using the tariff-based competitive bidding (TBCB) route.
According to information available with T&D India from independent sources, ERES-XXXIV will cost an estimated Rs.2,560 crore and will have an implementation period of 24 months from the date of transfer of project SPV “Paradeep Transmission Ltd” to the successful developer.
Project Rationale
ERES-XXXIV broadly aims to transmit renewable energy (RE) from outside Odisha to Paradeep – an important industrial centre in the state. This RE power will cater to production of green hydrogen and green ammonia in Odisha. The transmission scheme will also help meet the anticipated large demand from industrial consumers in the Paradeep region.
It is estimated that electricity demand of 1,400 – 1,500 mw is likely from industrial consumers in Paradeep, in the initial phase. Subsequently, this demand is envisaged to rise to 5,500 – 6,000 mw.
Project Elements
The core element of ERES-XXXIV will be a new 765/400kV GIS substation at Paradeep, with initial transformation capacity of 2×1,500 MVA. This substation will be connected to PGCIL’s Angul substation via a 765kV line, running 190 km. The substation will also have connectivity to OPTCL’s 400/220kV Paradeep substation, which is under construction and expected to commission by December 2024, via a 400kV double-circuit (quad) line of 10 km. Capacity of the new Paradeep substation will subsequently be enhanced, based on electricity demand growth. [OPTCL stands for Odisha Power Transmission Corporation Ltd, the state’s power transmission utilty.]
It is learnt that that the possibility of adding 765kV level to OPTCL’s under-construction Paradeep substation (discussed above), instead of building a new 765kV GIS substation at Paradeep, could not be pursued due to space constraints.