IndiGrid Investment Managers Ltd on Monday (March 3) said its wholly-owned subsidiary, IndiGrid 2 Private Ltd, has received a letter of intent (LoI) from REC Power Development and Consultancy Ltd for an inter-state transmission project under the tariff-based competitive bidding (TBCB) framework.
“…this is to inform that IndiGrid 2 Private Limited (wholly owned subsidiary of IndiGrid Infrastructure Trust) has received the Letter of Intent (“LOI”) dated February 28, 2025, from REC Power Development and Consultancy Ltd to establish Inter-State transmission system for “Transmission scheme for evacuation of power from Ratle HEP (850 MW) & Kiru HEP (624 MW): Part-A” on Build, Own, Operate and Transfer (BOOT) basis,” IndiGrid Investment Managers said in a regulatory filing.
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The project, titled Transmission Scheme for Evacuation of Power from Ratle HEP (850 MW) & Kiru HEP (624 MW): Part-A, will be developed on a build, own, operate, and transfer (BOOT) basis. Construction is expected to take 24 months, after which the project will generate annual transmission charges of ₹195.2 crore.
“The project will be constructed over a period of 24 months and will have annual transmission charges worth INR 1952.32 million post-commissioning,” it added.
Shares of IndiGrid Infrastructure Trust ended at ₹140.21, down by ₹0.22, or 0.16%, on the BSE.
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(Edited by : Shoma Bhattacharjee)
