Power Grid acquired MEL Power Transmission Limited under TBCB route
The project comprises 400kV D/C Transmission Line and associated bays at existing Rewa PS (PG) sub-station in the state of Madhya Pradesh.
State owned Power Grid Corporation of India Limited has been emerged as successful bidder under Tariff based competitive bidding, and acquired MEL Power Transmission Limited, the Project SPV to establish “Transmission System for evacuation of power from Mahan Energen Limited Generating Station in Madhya Pradesh”, on build, own, operate and transfer (BOOT) basis from the Bid Process Coordinator – PFC Consulting Limited (PFCCL).
The project comprises 400kV D/C Transmission Line and associated bays at existing Rewa PS (PG) sub-station in the state of Madhya Pradesh.
Join PSU Connect on WhatsApp now for quick updates! Whatsapp Channel
Therefore, MPTL has been acquired by POWERGRID pursuant to POWERGRID emerging as the successful bidder under Tariff Based Competitive Bidding. MPTL is engaged in the business of POWERGRID i.e. transmission of power.
Read Also : Hinduja Foundation and Ambuja Foundation’s water conservation efforts transform 2.74 lakh lives in RajasthanMPTL has been incorporated on 19.11.2024 by the Bid Process Coordinator as per the Guidelines Encouraging Competition in Development of Transmission Projects and Tariff based Competitive bidding Guidelines for Transmission Service, notified by the Ministry of Power.
The acquisition has been done for an aggregate amount of Rs 8.53 crore including 10,000 equity shares at par Rs 10/-.
The mandatory approvals are still awaited for Grant of Transmission Licence and Adoption of Transmission Charges from Central Electricity Regulatory Commission.
Read Also : DMRC Managing Director honoured as ‘Sustainability Champion’