Techno Electric commissions Transmission Project
Jhajjar KT Transco Pvt Ltd (JKTPL), a Special Purpose Vehicle with 51:49 Joint Venture between Kalpataru Power Transmission Ltd and Techno Electric and Engineering Company Ltd, successfully commissioned the 400 KV intra-state Power transmission project on 12th March, 2012 in a record duration of 16 months from the date of financial closure. The project is a Public-Private Partnership project with the Haryana Government initiative and the first ever transmission project to get Viability Gap Funding support from the Central Government.
JKTPL was awarded the project in May 2010 by Haryana Vidyut Prasaran Nigam Limited (HVPNL) on a DBFOT basis for a concession period of 25 years, extendable by another 10 years. JKTPL will receive terminal value equivalent to 60 months revenue at the end of 25th year of concession period in case the concession period does not get extended to 35 years. HVPNL is the first State Utility to promote this kind of a partnership between Private and Public sectors in power transmission, with other utilities wanting to replicate the model.
The Rs 444 crore project has been financed through a mix of debt and equity. Debt at Rs 276 crore and the combined equity of Rs 76 crore was put in by both joint venture partners. The grant of Rs 92 crore has been extended by the Central Government. The project will ensure a sustainable income flow of Rs 4.5 crore to the company as a unitary charge payable per month.
The 400 KV Transmission System comprises of Double Circuit Quad Moose Line extending from Jharli to Kabulpur, Rohtak (35 KM) and Kabulpur to Dipalpur, Sonepat (64 KM) with 2 No. Sub-Stations of 400/220 KV of 24 Bays each at Rohtak and Sonepat. The Transmission Network is designed to facilitate evacuation of 2400 MW of power and will initially transmit 1320 MW (2 x 660 MW) of power from Jhajjar Power Plant in Haryana.
The unique system designed is one of its own kind in India and comprises of energy efficient system coupled with optimized losses selecting products/sub-systems from globally reputed manufacturers. Exploring and utilizing services of experts, green house concepts, we designed architecturally attractive green control room with natural ventilation and thermal insulation.
Commenting on the development, PP Gupta, MD, Techno Electric and Engineering Co Ltd, said, “Being the first project in the country & for us in the power transmission space on DBFOT model, we, at Techno are happy to announce its successful & timely commissioning. Techno, a leading player as a power EPC contractor and as an IPP in clean energy, has now moved up the value chain to become a comprehensive player in the power sector. We are proud to have partnered with the Haryana Government for this landmark project which will create many more such PPP projects opportunities for us in future and enhance efficiencies in the power transmission sector.”