Home » News » Apraava energy wins 3rd transmission project in Madhya Pradesh through TBCB

Apraava energy wins 3rd transmission project in Madhya Pradesh through TBCB

February 12, 2024 4:59 pm

Apraava energy wins 3rd transmission project in Madhya Pradesh through TBCB

Expansion signifies the commitment to sustainable energy growth, addressing the state’s rising power demands through greenfield projects.

Apraava Energy, a leading integrated energy solutions provider, announced today that it has secured a new greenfield interstate transmission project in Madhya Pradesh through the Government of India’s Tariff-Based Competitive Bidding (TBCB) process. The project involves setting up approximately 40 kilometers of 765 kV double-circuit transmission lines and a 3,000 MVA substation. This marks Apraava’s third transmission project win within the last 12 months, indicating an increased momentum in expanding its low-carbon business.

Under the Transmission Service Agreement (TSA), Apraava will develop the project under the BOOT (build, own, operate, and transfer) model. The completion timeline is set at 24 months from the date of Special Purpose Vehicle (SPV) transfer. The project aims to meet the rising demand for energy in the state.

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Commenting on the win, Naveen Munjal, Director – Business Development & Commercial, Apraava Energy, said, “We are happy to add yet another significant transmission project in Madhya Pradesh, further cementing our commitment to addressing the increasing power demands in the state. Given the impressive progress witnessed in Madhya Pradesh in recent years, the seamless transmission of power across all regions is paramount for sustaining and accelerating this growth. Apraava Energy remains dedicated to being a trusted partner in advancing India’s green goals and ensuring power for all.”

Apraava Energy will be responsible for the ownership, financing, development, design, engineering, procurement, construction, commissioning, operation, and maintenance of the project, and to provide transmission services for a period of 35 years post Commercial Operation Date (COD).

In 2023, Apraava Energy secured two greenfield interstate transmission projects in Rajasthan, involving ~ 250 kms of 400 kV double circuit transmission lines and a pooling substation of 2500 MVA to be built as part of the Rajasthan REZ, phase-III, Transmission scheme that will enable evacuation of 20GW of renewable energy in the state of Rajasthan.

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