The project is designed to facilitate the evacuation of 7.7 GW of renewable energy from the Bikaner Complex in Rajasthan.
The project is anticipated to have a cost of ₹1,544 crore and will be developed under the Build-Own-Operate-Transfer (BOOT) framework..
Tata Power, one of India’s leading integrated power companies, has secured the acquisition of Bikaner-III Neemrana-II Transmission Limited through a successful bid. This project is a special purpose vehicle (SPV) established by PFC Consulting Limited, a subsidiary of Power Finance Corporation. The letter of intent (LOI) was granted to the company following its success in the Tariff-Based Competitive Bidding (TBCB) process, in accordance with the guidelines set by the Union Ministry of Power.
The transmission project, to be developed on a Build-Own-Operate-Transfer (BOOT) basis, is designed to facilitate the evacuation of 7.7 GW of renewable energy from the Bikaner Complex in Rajasthan. The project involves the establishment of a transmission corridor spanning approximately 340 kilometers, connecting Bikaner-III pooling station to Neemrana II substation.
Tata Power Project Details
Tata Power is set to manage the transmission project for a tenure of 35 years. With an estimated cost of ₹1,544 crore, the project is projected to be commissioned within 24 months from the transfer of the project SPV. Once operational, it will play a crucial role in supporting the Ministry of Power’s 2022 roadmap, aiming to integrate over 500 GW of renewable energy capacity into the national grid by 2030.