Techno Electric & Engineering Company Ltd has bagged a concession from PFC Consulting Ltd for building a transmission network at Patran, Punjab. The concession has been awarded on Build, Own, Operate and Maintain (BOOM) basis for a period of 35 years. Techno Electric emerged as the successful bidder selected through the Union power ministry's tariff-based competitive bidding guidelines for transmission services.
The project is being developed through a special purpose vehicle Patran Transmission Company Ltd that has been acquired wholly from PFC Consulting Ltd. The Rs.200-crore project will be completed within 30 months from the date of award and will ensure a sustainable income flow of around Rs.1,000 crore as transmission charges to the SPV over the concession period.
The 400kV transmission system comprises of LILO of both circuits of Patiala-Kaithal 400kV double circuit triple-snow bird 5-km line at Patran and a 400/220kV substation with 14 bays at Patran, Punjab. The inter-state network will have a system capacity to evacuate 1,200 mw of power.
Techno Electric recently completed a private transmission project in Haryana, which was won in consortium with Kalpataru Power Transmission Ltd.
