RECTPCL’s tender document said power demand in Madhya Pradesh would grow 18,000MW by 2022-23.
(ATL) won an intra-state power transmission project in Madhya Pradesh
for Rs 1,300 crore in the tariff-based competitive bidding held by REC Power Transmission Company (RECTPCL), said sources.
The other bidders in the race were Sterlite Power, Dilip Buildcon, state-owned Power Grid Corporation of India (PGCIL), and Torrent Power. The tender was floated by RECTPCL, an arm of Rural Electrification Corporation of the ministry of power.
The project aims at boosting power transmission infrastructure in Madhya Pradesh. Adani Transmission
will set up 16 new sub-stations and strengthen system in the existing power supply
network. RECTPCL has offered two packages for ‘development of intra-state transmission work in MP through tariff-based competitive bidding’. Adani quoted the winning bid for the first package.
For the second package, same companies
have submitted their bids. The result is yet to be disclosed.
In the tender offered, RECTPCL said power demand of Madhya Pradesh
is expected to grow up to 18,000 megawatt (Mw) by 2022-23 and reach about 21,000 Mw by the end of 14th Plan. It is 14,555 Mw as of the financial year 2019-20.
“Accordingly, system studies were carried out to evolve transmission system requirement for the end of 13th Plan period considering load demand of Madhya Pradesh as 18,000 Mw. The studies, inter alia, recommended establishment of 35 new sub-stations in the MP network,” said the tender notice for packages. While Package-I of the project will cover the power supply
area of the Central power distribution and West discom, Package-II will cover Central and East discom.
Shares of Adani Transmission
on the BSE closed 40 points (5.58 per cent) higher at Rs 773.80 apiece on Friday after the project win.