Companies like L&T, Kalpataru Power and KEC International plan to participate in eight transmission projects of Rural Electrification Corporation (REC) and Power Finance Corporation (PFC) as developers for a 35-year concession.
Tenders for the projects are expected next month. The decision to run the projects on a ‘build, own, operate, maintain and transfer’ basis, however, depends on assurances from the authorities that the linked power plants should simultaneously ready along with the transmission lines, and that payments for wheeling electricity should be guaranteed.
REC’s four transmission projects and one project on southern region system strengthening are valued at Rs 4,800 crore. It is expected that four of PFC’s projects are of similar size.
K Venkatesh, infrastructure development project head of L&T, said they were willing to participate as before. Transmission being an intermediary between generators and consumers, the company has to ensure that both parties are ready when L&T complete the projects.
Ramesh Chandak, MD and CEO of KEC International, said they were looking for a partner with whom to bid. He declined further comments on who the partner could be. REC and PFC are floating international tenders for the projects. Investments in transmission, particularly in intrastate wheeling of power and distribution, have been short of targets.
I wish to start pvc / pp electric wire unit in Delhi. What kind of information I can get if I subscribe for your magazine
Pls invite me all auction in gujarat
we are doing business developing for solar power ,thermal power , customer supporting and we have 45 mw splar power on hand needs investors.....
pls call +910842559230