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State seeks consultant for its first pvt transmission project
The New Indian Express
|November 13, 2024
765/400 kV substation to be set up in Kovai region at a cost of ₹4K cr
THE Tamil Nadu Infrastructure Development Board (TNIDB) has invited applications to appoint a Transaction Advisor (consultant) for executing the ₹4,000-crore, 765/400 kV substation project in Coimbatore region, along with a power transmission line extending up to Ariyalur. This will be the first project to be implemented under the Tariff-Based Competitive Bidding (TBCB) process under which the state government will hand over maintenance and operation of power transmission projects to private players.
Once operational, the successful private bidder will have the sole authority to sell power from the substation through a power purchase agreement to any entity, with Tantransco holding the 'first right of refusal', officials told TNIE.
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