IndiGrid, a power sector infrastructure investment trust (InvIT), today announced that it has operationalized its first greenfield project, Kallam Transmission Ltd (KTL). The project is located at Beed, Maharashtra,
IndiGrid had won the project in December 2021 through the tariff-based competitive bidding (TBCB) mechanism and developed it on a build-own-operate-maintain basis for a period of 35 years.
“KTL consists of one substation of 2 x 500 MVA capacity with 400/220 kV voltages, as well as 10 Bays with a LILO multicircuit line of 18 km,” stated IndiGrid.
The project will enable evacuation of 1 GW of power from renewable energy projects in Dharashiv area of Maharashtra. It will play a key role in strengthening the transmission system of the state by improving the grid availability for evacuation and integration of renewable energy, stated the company. In November 2022, IndiGrid was also awarded augmentation work in the KTL project to enable evacuation of an additional 1 GW of renewable power.
The company has won five more greenfield projects on TBCB basis in the states of Maharashtra, New Delhi, Gujarat, and Madhya Pradesh.
IndiGrid is the first Infrastructure Investment Trust in the Indian power sector. It owns 37 power projects, consisting of 46 transmission lines with more than 8,468 ckm length, 13 substations with 17,550 MVA transformation capacity and 855 MW AC (around 1.1 GWp) of solar generation capacity. IndiGrid has assets under management of over INR 282 billion ($3.4 billion). The investment manager of IndiGrid is wholly owned by KKR.
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14+TW more to go… but a very good start anyways…👏👏👏👏👏👏