PGCIL has entered into a 26:74 JV with Teesta Urja Ltd. to form a company named “Teestavalley Power Transmission Limited”. The JV company will develop associated transmission system for evacuation of power from 1200 MW Teesta-III Hydro Electric Project (HEP) being developed in Sikkim by Teesta Urja Ltd.
The project, which is estimated at cost of Rs. 708 crore, will be built on a BOO basis on a 70:30 equity-debt basis and provide transmission capacity to private HEPs in north Sikkim. The project includes construction of 400 kV D/C Teesta-Mangan Transmission line (approx. 10 km) and 400 kV D/C Mangan-Kishanganj Transmission Line (approx. 180 kms). The project is scheduled for completion by September 2011.
Tuesday, August 19, 2008
Power Grid forms JV with Teesta Urja
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