RPTL plans Rs1,800 Cr for power link
Reliance Power Transmission Limited (RPTL), the wholly-owned subsidiary of Reliance Anil Dhirubhai Ambani Group company plans to invest approximately Rs1,800 crore in setting up a 1,500-km transmission line that will pass through Maharashtra, Madhya Pradesh, Gujarat and Karnataka.
The project will help wheel surplus power from eastern states to the western region. PowerGrid Corp will also set up another network from Madhya Pradesh that will link RPTL’s network from Madhya Pradesh to the eastern power grid.
The project to be funded on a 75:25 debt equity ratio will be executed by the engineering, procurement and construction division of Reliance Infrastructure.
With this, RPTL will be the first private transmission utility to build these first-ever 100% privately-owned inter-state transmission projects.
On completion by 2010, the project is expected to benefit several western region constituents, including Maharashtra State Electricity Distribution, Madhya Pradesh Power Trading, Gujarat Urja Vikas Nigam, Chhattisgarh State Power Distribution, Madhya Pradesh Audyogik Kendra Vikas Nigam, electricity department of Goa, administration of Daman & Diu and the electricity department of Dadra & Nagar Haveli.