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Isolux secures major concession in UP

EM NEWS BUREAU ,  Friday, August 19, 2011, 12:27 Hrs  [IST]

Isolux Corsan Concesiones SA, part of the Spanish Isolux Group, has been awarded a major power transmission concession by Uttar Pradesh Power Transmission Corporation Ltd. It involves setting up of 1,600 km of high voltage (400kV and 765kV) transmission lines and five transformer substations with an estimated investment of €815 million (around Rs.jpg5,500 crore). Isolux will set up the power transmission infrastructure under BOOT model and operate it under a 37.5 year concession period. The transmission network will facilitate transfer of 4,600 mw of power from upcoming generation plans to consumption centres in Uttar Pradesh. It is reliably learnt that a consortium led by Cobra Instalactiones Y Servicios, also of Spain, has won a similar concession, in collaboration with Megha Engineering & Infrastructure Ltd, from UPPTCL.
 
                 
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