Techno Electric’s JV inaugurated transmission system in Haryana

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, inaugurated its power transmission substation in Jhajjar, Haryana.
JKTPL was awarded the project to build a 400 KV intra-state power transmission system by Haryana Vidyut Prasaran Nigam Limited (HVPNL) in May 2010. The 400 KV transmission network comprises of double circuit quad moose line extending from Jharli to Kabulpur, Rohtak (35 km) and Kabulpur to Dipalpur, Sonepat (64 km) with two sub-stations of 400/220/132 KV of 24 bays each at Rohtak and Sonepat.  The transmission network is designed to facilitate evacuation of 2,400 MW of power and is in operation since March 2012. The project of this magnitude and complexity was completed in a record time of less than 15 months of financial closure, which is a record not only in the state of Haryana but also in the country.
The project is a public-private partnership project with the Haryana Government initiative and the first ever transmission project to get viability gap funding (VGF) support from the Central Government.
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.

17