IndiGrid Investment receives contract from REC Power worth Rs 195 crore project
"The project will be constructed for 24 months and will have annual transmission charges worth INR 1952.32 million post-commissioning," it added.
IndiGrid Investment receives contract from REC Power worth Rs 195 crore project
REC Power Development and Consultancy Ltd. has sent a letter of intent (LoI) for an interstate transmission project under the tariff-based competitive bidding (TBCB) framework to IndiGrid Investment Managers Ltd.'s wholly owned subsidiary, IndiGrid 2 Private Ltd.
According to the exchange filing made, IndiGrid 2 Private Limited (wholly owned subsidiary of IndiGrid Infrastructure Trust) has received the Letter of Intent (“LOI”) dated February 28, 2025, from REC Power Development and Consultancy Ltd to establish an inter-state transmission system for the “Transmission scheme for evacuation of power from Ratle HEP (850 MW) & Kiru HEP (624 MW): Part-A” on a Build, Own, Operate, and Transfer (BOOT) basis.
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The project will be developed using a build, own, operate, and transfer (BOOT) methodology and is named Transmission Scheme for Evacuation of Power from Ratle HEP (850 MW) & Kiru HEP (624 MW): Part A.
Construction is expected to take 24 months, after which the project will generate annual transmission charges of Rs 195.2 crore.
"The project will be constructed for 24 months and will have annual transmission charges worth INR 1952.32 million post-commissioning," it added.
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