Tata Power wins 35-year power transmission project worth Rs 521 cr/year
TATAPOWER · price
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Tata Power received a Letter of Intent from REC Power Development and Consultancy Limited, a government entity under REC Limited, to acquire Ryapte Power Transmission Limited, a project SPV. The project involves building about 250 km of transmission lines and two greenfield substations in Karnataka on a build-own-operate-transfer basis. Annual transmission charges are Rs 521.07 crore, with a 35-year service period starting 30 months from the SPV transfer.
Adds a long-term recurring revenue stream through a 35-year transmission contract, strengthening the transmission portfolio. Positive for earnings visibility.