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Tata-PGCIL JV receives 1st private power transmission licence
New Delhi, Nov 13: In the first private-public collaboration in power transmission, state-owned Power Grid Corporation of India (PGCIL) and Tata Power have joined hands to set up 1200 km power transmission line from Siliguri in West Bengal to Mandola in Uttar Pradesh, entailing an investment of Rs 1200 crore.
New Delhi, Nov 13: In the first private-public
collaboration in power transmission, state-owned Power Grid
Corporation of India (PGCIL) and Tata Power have joined hands
to set up 1200 km power transmission line from Siliguri in
West Bengal to Mandola in Uttar Pradesh, entailing an
investment of Rs 1200 crore.
The licence for the purpose was handed today by A K Basu,
the chairman of Central Electricity Regulatory Commission, to
R P Singh, the chairman of Power Links Transmission Ltd, the
joint venture company.
Firdose Vandrevala, the managing director of Tata Power, was also present on the occasion.
Tata Power holds 51 per cent stake in the joint venture company while PGCIL holds the remainder.
Power Links is expected to achieve financial closure of the project next month and the project is scheduled to be completed in 36 months, that is by mid 2006.
West Bengal, Bihar, Jharkhand and Sikkim in the eastern region and Haryana, Punjab, Rajasthan, UP, Jammu and Kashmir and Delhi in northern region would benefit from the project.
Bureau Report
Firdose Vandrevala, the managing director of Tata Power, was also present on the occasion.
Tata Power holds 51 per cent stake in the joint venture company while PGCIL holds the remainder.
Power Links is expected to achieve financial closure of the project next month and the project is scheduled to be completed in 36 months, that is by mid 2006.
West Bengal, Bihar, Jharkhand and Sikkim in the eastern region and Haryana, Punjab, Rajasthan, UP, Jammu and Kashmir and Delhi in northern region would benefit from the project.
Bureau Report