Nodal agency PFC Consulting Ltd has transferred the project SPV for a power transmission scheme in Karnataka to the successful bidder ReNew Power.
In a stock exchange communication, Power Finance Corporation (PFC) announced that its wholly-owned subsidiary PFC Consulting Ltd (PFCCL) has transferred “Koppal-Narendra Transmission Ltd” to ReNew Transmission Ventures Ltd, the successful bidder, on December 13, 2021.
A wholly-owned subsidiary of PFCCL, Koppal-Narendra Transmission Ltd, was incorporated in November 2019 for the development of a transmission scheme officially designated as “Evacuation of power from RE sources in Koppal Wind Energy Zones (Karnataka) (2,500 mw)”.
The project was awarded to ReNew Power under the tariff-based competitive bidding (TBCB) modality.
According to information available with T&D India, but not confirmed by ReNew Power till the time of filing this story, this project marks the entry of ReNew Power, a major renewable energy developer, into the power transmission development space.
Project Components
According to information available from official tender documents, the Koppal transmission scheme will include, among other things, development of the following components:
- A 5×500 MVA, 400/220kV pooling station near Munirabad or any other uitable location in Koppal district of Karnataka
- Nine line bays of 220kV line bays for interconnection of wind projects
- A 400kV double-circuit line from the proposed Munirabad pooling station (discussed above) to PGCIL’s Narendra (New) substation in Dharwad district, Karnataka
- Two line bays of 400kV at the aforementioned Narendra substation
- 2×125 MVAr, 400kV bus reactor at the proposed Munirabad pooling station (discussed above)
Background
The Narendra-Koppal transmission scheme is part of the overall plan of providing ISTS-based evacuation infrastructure for 66.5 GW of upcoming renewable energy zones in Tamil Nadu, Andhra Pradesh, Karnataka, Gujarat, Rajasthan, Maharashtra and Madhya Pradesh. Out of this 66.5 GW potential, a total of 18.5 GW (Solar: 10 GW, Wind 8.5 GW) has been identified in the southern states of Tamil Nadu, Andhra Pradesh and Karnataka.
The evacuation infrastructure for this 18.5 GW has been planned in three phases involving capacities of 5.5 GW, 5 GW and 8 GW, respectively. The Koppal-Narendra scheme, involving evacuation of 2.5 GW from wind energy zones in Karnataka, is part of the first of these three phases.
It may also be mentioned that power transmission infrastructure for the 66.5 GW of upcoming renewable energy capacity entails the setting up of 13,500 ckm of new ISTS-based transmission lines. Of these, around 2,100 ckm has been commissioned so far. (Read more)
Featured photograph for illustration only
