Power Grid, Sterlite, Adani in final race for Rs 5,000 cr Warangal project
Power Grid Corporation of India Ltd, Sterlite Grid, Adani Power and Essel Infra have submitted financial bids for a Rs 5,000 crore power transmission project at Warangal in Telangana, according to an industry source.
Tenders for the project were floated by Power Finance Corporation’s arm PFC Consulting and the final bids are expected to be opened in a week on the basis of the lowest tariff quoted.
The transmission system will involve setting up of 765/400kV substations at Warangal in Telangana. It will also entail a series of 765kV double-circuit lines including Warora to Warangal, Warangal to Hyderabad, Hyderabad-Kurnool, and Warangal to Chilakaluripeta.
Two 400kV double-circuit lines will also be part of the system.
The project aims to fulfill the energy need of the southern region of the country.
The government is also in the process of bidding out another transmission project in the northern region, which is being eyed by PGCIL, Sterlite, Adani, Essel, Reliance Power Transmission, and Kalpataru Power.
Power, coal and renewable energy minister Piyush Goyal had earlier said the power transmission sector in the country would attract investment worth Rs 1 lakh crore in the coming month.