- The new ISTS projects comprise of 13 projects with an estimated cost of Rs 14,766 to be developed under Tariff Based Competitive Bidding (TBCB)
- And 10 projects with an estimated cost of Rs 1,127 crore will be developed under Regulated Tariff Mechanism (RTM)
New Delhi: Union Minister for Power RK Singh has approved 23 new Inter State Transmission System Projects (ISTS) with an estimated cost of Rs 15,893 crore. The new ISTS projects comprise of 13 projects with an estimated cost of Rs 14,766 to be developed under Tariff Based Competitive Bidding (TBCB) and 10 projects with an estimated cost of Rs 1,127 crore to be developed under Regulated Tariff Mechanism (RTM), said an official statement released by the Ministry of Power on Wednesday.
New ISTS projects will facilitate evacuation from RE projects
“The new transmission projects would inter-alia facilitate evacuation system for 14 GW of Renewable Projects in Rajasthan, 4.5 GW of RE projects in Gujarat, 1 GW Neemuch Solar Park, Madhya Pradesh, and feeding areas near Akhnoor and Jammu region by establishing Siot Substation in Jammu,” said the statement.
“The above transmission network expansion would augment seamless transfer of power from power-surplus regions to power-deficit regions and thus optimise the use of generation resources as well as meet the demands of end consumers without any transmission constraints. It would assist growth of renewable energy-based capacity,” said the statement.
These projects were approved after examining the recommendations of the National Committee on Transmission and in accordance with the National Tariff Policy, 2016, notified by the Central government, which provides that ISTS projects be developed through TBCB, except for certain category projects, which are strategic, require technical-upgradation or are time-bound in nature.
(PSU Watch– India's Business News centre that places the spotlight on PSUs, Bureaucracy, Defence and Public Policy is now on Google News. Click here to follow. Also, join PSU Watch Channel in your Telegram. You may also follow us on Twitter here and stay updated.)