- The estimated cost for the project is around Rs 170 crore
- The contract has been awarded by REC Power Development and Consultancy Limited on build, own, operate and maintain (BOOM) basis
New Delhi: A consortium of India Grid Trust’s wholly owned subsidiaries, IndiGrid 1 Ltd and IndiGrid 2 Ltd, have won contracts to develop transmission system for evacuation of power from 1 GW renewable energy (RE) projects in Maharashtra. In a regulatory filing to the stock exchanges on Friday, IndiGrid said, “… this is to inform that the consortium of IndiGrid 1 Limited and IndiGrid 2 Limited (wholly owned subsidiaries of India Grid Trust) participated in the tariff based competitive bidding to establish “Transmission system for evacuation of power from Renewable (RE) Projects in Osmanabad area (1 GW) in Maharashtra” on build, own, operate and maintain (BOOM) basis by REC Power Development and Consultancy Limited.”
The estimated cost for the same is around Rs 170 crore. “Our bid of 16.74 crore levelised tariff has been noted as L1 during the reverse auction conducted on 18th November 2021. We await receipt of Letter of Intent and will release necessary intimation in due course,” said IndiGrid.
In its order dated June 8, 2018, the Ministry of New and Renewable Energy (MNRE) had constituted a sub-committee to identify ISTS connectivity for renewable energy projects from potential solar energy zones (SEZs) and potential wind energy zones (WEZs) of about 50 GW and 16.5 GW, respectively. Accordingly, SEZs and WEZs envisaged in 7 RE-rich states (Tamil Nadu, Andhra Pradesh, Karnataka, Gujarat, Rajasthan, Maharashtra and Madhya Pradesh) were identified by Solar Energy Corporation of India (SECI) in association with MNRE and in consultation with RE power developers.
A total of 28 GW RE capacity has been identified in Western Region, out of which 2 GW wind generation capacity has been identified in Osmanabad area in Maharashtra. Out of this, 1 GW has been proposed to be integrated with intra-state system and the balance 1 GW with ISTS.
The news comes in the backdrop of a key announcement made by Prime Minister Narendra Modi at the COP26 Summit in Glasgow where he said that India would meet 50 percent of its energy requirement through renewable energy and will install 500 GW of RE capacity by 2030.
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