Power Grid Corporation of India Ltd (PGCIL) has announced the completion of an interstate transmission system (ISTS) scheme, housed under its wholly-owned subsidiary “Powergrid Neemuch Transmission System Ltd”.
In a brief stock exchange filing, PGCIL said that the said transmission scheme, which PGCIL had won under the tariff-based competitive bidding (TBCB) route was fully commissioned on April 24, 2024 and the notification for commercial operation was received on May 14, 2024.
Based on information available with T&D India, here are salient features of the scheme:
Project SPV: Powergrid Neemuch Transmission System Ltd
Bid process coordinator: REC Power Development & Consultancy Ltd (RECPDCL)
Original name of SPV: Neemuch Transmission Ltd
Incorporation of SPV: April 12, 2022, as wholly-owned subsidiary of RECPDCL
Date of SPV transfer: August 24, 2022 [Read more]
CERC Transmission Licence: December 27, 2022
Targeted completion date: February 23, 2024
Project Cost (approx): Rs.1,482 crore
Annual levelized tariff: Rs.783.78 million
Scheme description: Transmission system for evacuation of power from Neemuch SEZ (1,000 mw) in Madhya Pradesh
States covered: Madhya Pradesh, Rajasthan
Transmission capacity: Lines (470 ckm); Substation (1,000 MVA)
Major EPC contractors: KEC International Ltd, Transrail Lighting Ltd
The main transmission elements under the scheme included the new 400/220kV, 2×500 MVA Neemuch Pooling Station (AIS) in Madhya Pradesh, a 400kV double-circuit line from Neemuch PS to Mandsaur substation (existing, Madhya Pradesh), a 400kV double-circuit line from Neemuch PS to Chittorgarh substation (existing, Rajasthan), and several bay extension works.
The objective of this transmission scheme is to create evacuation facilities for 1 GW from the Neemuch solar energy zone in Madhya Pradesh.
Also read: PGCIL Declared Successful Bidder For Two ISTS-TBCB Schemes
Featured photograph is for representation only.