Adani Transmission wins Rs 1,300-crore power transmission project in MP

Project involves setting up 16 new sub-stations and strengthening existing power supply network

Adani Transmission (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.