Torrent Power Limited has emerged as the successful bidder and has received letter of intent from PFC Consulting Limited for establishment of inter-state transmission scheme “Transmission System for Evacuation of Power from RE Projects in Solapur (1,500 MW) SEZ in Maharashtra” under tariff based competitive bidding (TBCB) process.
The project aims to evacuate renewable energy capacity of 1,500 MW from Solapur and entails the setting up of a transmission line of 44 kms from existing Solapur substation of Powergrid Corporation of India Limited to Solapur substation. The annual transmission charges of the project are Rs 500 million, and the company will build this project on a build own operate transfer basis and operate it for 35 years. The project is expected to be commissioned in 24 months.