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Techno Electric’s JV inaugurates power transmission system in Haryana

Em News Bureau ,  Thursday, April 18, 2013, 12:27 Hrs  [IST]

JhajjarJhajjar KT Transco Pvt Ltd, a 51:49 joint venture between Kalpataru Power Transmission Ltd and Techno Electric & Engineering Company Ltd, inaugurated its power transmission substation at Jhajjar in Haryana.

JKTPL was awarded the project to build a 400kV intra-state power transmission system by Haryana Vidyut Prasaran Nigam Ltd in May 2010. The 400kV transmission network comprises of double circuit quad moose line extending from Jharli to Kabulpur, Rohtak (35 km) and Kabulpur to Dipalpur, Sonepat (64 km) with two substations of 400/220/132kV of 24 Bays each at Rohtak and Sonepat. The transmission network is designed to facilitate evacuation of 2,400 mw of power and is in operation since March 2012. The project of this magnitude and complexity was completed in a record time of less than 15 months of financial closure, which is a record not only in the state of Haryana but also in the country.

The project is a public-private partnership project with the Haryana Government initiative and the first ever transmission project to get viability gap funding support from the Central government. A VGF scheme, extended by the Government of India, is to aid PPP projects in infrastructure space to make them commercially viable. The state-of-the-art project is the first ever project developed in the country that has been constructed on a green concept.

The Rs 444 crore project has been financed through a mix of debt and equity. Debt at Rs.276 crore and the combined equity of Rs.76 crore was put in by both joint venture partners. The Central government extended grant of Rs.92 crore.
 
                 
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