IndiGrid has bagged a letter of intent from REC Power Development and Consultancy Limited for establishment of two greenfield inter-state transmission projects. The projects won as a part of tariff-based competitive bidding process, will be developed on the basis of build, own, operate, and transfer model for a timeframe of 35 years. With a construction timeline of around 24 months for each of the project, the projects are estimated to cost more than Rs 10 billion.
With yearly transmission costs of approximately Rs 530 million after completion, the first project involves energy evacuation from the Dhule 2 GW renewable energy zone. The project entails the building of a pooling station with a capacity of 4×500 MVA at 400/220 kV, accompanied by a 400 kV D/C line spanning approximately 70 kms. With transmission charges of around Rs 625 million yearly after completion, the second project is focused on implementing the western region expansion scheme XXXIII, Part-C. The project comprises the establishment of two substations in Madhya Pradesh: a 2×1,500 MVA capacity substation at 765/400 kV and a 2×500 MVA capacity substation at 400/220 kV, along with a line-in and line-out single-circuit 765 kV D/C line extending approximately 18 kms.
The substations are established to meet the power requirements of the planned green hydrogen facility in the vicinity, as well as the electrical loads in Chhatarpur, Tikamgarh, and Jatara regions. Additionally, they serve the purpose of connecting the 630 MW NTPC Barethi Solar Plant.
Recently, in December 2023, IndiGrid secured Rs 6.7 billion through a SEBI-compliant institutional placement process.
In October 2023, IndiGrid won a 20 MW/ 40 MWh battery energy storage system project in Delhi.
