Techno Electric bags concession to set up of transmission system in Punjab

Techno Electric & Engineering Company Ltd (TEECL), one of the leading power sector EPC companies in the country, has bagged a concession from PFC Consulting Ltd for building a transmission network at Patran, Punjab.The concession has been awarded on Build, Own, Operate and Maintain (BOOM) basis for a period of 35 years. Techno Electric emerged as the successful bidder selected through ‘tariff based competitive bidding guidelines for transmission services’, issued by the Ministry of Power.The project is being developed through Patran Transmission Company Limited, a SPV 100% acquired by Techno Electric from PFC Consulting Limited. The Rs 200 crore project will be completed within 30 months from the date of award and will ensure a sustainable income flow of around Rs 1,000 crore as transmission charges to the SPV over the concession period.The 400kV Transmission System comprises of LILO of Both circuits of Patiala-Kaithal 400kV Double Circuit triple snow bird Line at Patran (5 KM) and 400/220kV Substation with 14 Bays at Patran, Punjab. The inter-state network will have a system capacity to evacuate 1,200 MW of power. Commenting on the development, P.P Gupta, Managing Director, Techno Electric and Engineering Co Ltd, said, “The contract broadens our portfolio of power transmission projects. After the successful commissioning of the Jhajjar transmission network in Haryana, we are glad to work on yet another project, this time with a 100 per cent SPV under Techno Electric. The order by PFC emphasizes on the significance of private participation in building India’s power transmission projects with new capacities and upgraded technology. We look forward to bidding and winning similar projects in the future.”