Sterlite Grid commissioned first power project under TBCB incentive regime
With the commissioning of the RAPP Transmission Project, Sterlite Grid so far has commissioned four out of a portfolio of seven projects.
Sterlite Grid on 2 January 2016 set a new benchmark by commissioning the Transmission Project to Rajasthan Atomic Power Project (RAPP) ahead of schedule under the Tariff Based Competitive Bidding (TBCB) incentive regime.
RAPP is the first power transmission line to be been commissioned ahead of schedule since the implementation of TBCB scheme.
As per Sterlite Grid, the construction work on transmission project to RAPP, which was awarded to the company in 2013, was completed within 12 months from the start of construction.
With the commissioning of the RAPP Transmission Project, Sterlite Grid so far has commissioned four out of a portfolio of seven projects and operates ~2900 Circuit Km of projects in eight Indian states.
RAPP Transmission Project
The project includes laying a 200-km, 400-kilovolt double-circuit transmission line passing through Rajasthan and Madhya Pradesh. It will connect Kota in Rajasthan to Shujalpur in Madhya Pradesh to provide the path for the evacuation of electricity generated at RAPP-7 and 8.
The project was completed at an estimated cost of 275 crore rupees would directly benefit the states of Madhya Pradesh, Punjab and Haryana.
The project will act as an inter-regional link to strengthen transmission systems associated with RAPP to exchange power between the northern and western grids.
Tariff Based Competitive Bidding (TBCB)
Under the TBCB norms, developers quoting the lowest average electricity tariffs from a proposed project get to set it up, as against the erstwhile “cost-plus” model, where projects were set up through pacts with distribution utilities and were entitled to assured returns.
Further, the power projects awarded under TBCB regime to Power Grid Corporation for system strengthening would get transmission charge from the date of commercial operations, even if it is ahead of schedule.
About Sterlite Grid
It is part of the Sterlite Technologies Limited and is India's largest private developer of independent power transmission systems.
The company is also the first Indian developer to deploy aerial technologies such as LiDAR survey and helicopter-aided construction in India, reducing the commissioning time.
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