New Delhi: Ceigall India on Thursday said it has received a letter of intent from REC Power Development and Consultancy to develop a major common transmission system worth Rs 5,300 crore in Gujarat.
The LoI has been awarded for the 'Common Transmission System for evacuation of power from Lakadia (Phase-II: 7.5 GW), Jam Khambhaliya (Phase-II: 5.5 GW) and Jamnagar (Phase-I: 1 GW) - Part-B' project, a company statement said.
The project entails the development of a 765/400 kV Air Insulated Substation (AIS) along with approximately 300 km of transmission lines.
The project is valued at approximately Rs 5,300 crore (inclusive of GST).
The company will receive annual transmission charges of Rs 608.67 crore each year over the 35-year operational period.
Execution is expected to take 36 months, followed by this 35-year operational period.
The project forms part of the transmission infrastructure being developed to facilitate the evacuation of power from key renewable energy zones in Gujarat, including Lakadia, Jam Khambhaliya and Jamnagar.
"The project will contribute to the development of critical power transmission infrastructure in Gujarat and support the efficient evacuation of power from key generation regions," said Ramneek Sehgal, Managing Director, Ceigall India Ltd.
The project will contribute towards strengthening transmission infrastructure and supporting the efficient evacuation of power from major generation hubs.
