Adani Transmission (ATL) has received the Letter of Intent (LoI) for the acquisition of MP Power Transmission Package-II, incorporated by REC Power Development and Consultancy.
ATL won the project through the Tariff-Based Competitive Bidding (TBCB) process and received the LoI on 14 September 2021. ATL will build, own, operate and maintain the transmission project in the state of Madhya Pradesh for a period of 35 years.
The project, 'MP Power Transmission Package-II', consists of approximately 850 ckt km of Transmission Lines & Air Insulated Substations of various voltage levels (220kV and 132kV) in 18 Districts of Madhya Pradesh. With a capex of Rs.1,200 crore, ATL's execution of the project will strengthen the transmission system in Eastern Madhya Pradesh
Powered by Capital Market - Live News
Disclaimer: No Business Standard Journalist was involved in creation of this content
