Tata Power Company has received a letter of intent from REC Power
Development & Consultancy (a wholly owned subsidiary of REC) to acquire ERES-XXXIX Power Transmission (ERES-XXXIX), a project special purpose vehicle (SPV).
The Project SPV ERES-XXXIX would be developed on Build-Own-Operate Transfer basis, to provide transmission service for 35 years from the Scheduled Date of Commercial Operation (SCOD) on 31 December 2027.
The scope of project involves constructing 2 x 1500 MVA, 765/ 400 kV GIS substation at Gopalpur with associated bays at Angul and Gopalpur (OPTCL),
190 km of 765 kV double circuit transmission line from existing Angul substation of PGCIL to the proposed 765 kV GIS substation
at Gopalpur and
12 km of 400 kV line from upcoming OPTCL substation at Gopalpur to the proposed 765 kV GIS substation at Gopalpur.
The award is placed on the Company for a period of 35 years.
The annual transmission charges would be Rs 289.729 crore.