Reliance Infrastructure to invest Rs 1,800 crore in inter-state power link

Reliance Power Transmission (RPTL), a wholly-owned subsidiary of Reliance Infrastructure, will invest nearly Rs 1,800 crore in setting up a 1,500-km transmission line that will pass through Maharashtra, Madhya Pradesh, Gujarat and Karnataka. The project will be funded on a 75:25 debt equity ratio and financial closure is expected in a couple of months. The project will be executed by the engineering, procurement and construction (EPC) division of Reliance Infrastructure and is expected to be complete by 2010. The project will help wheel surplus power from eastern states to the western region. Power Grid Corp will also set up another network from Madhya Pradesh that will link RPTL’s network from Madhya Pradesh to the eastern grid.

The company expects to start work on the project in six months by when it will have received all necessary clearances. With this, RPTL will be the first private transmission utility to build these first-ever 100% privately-owned inter-state transmission projects. The projects, once completed and commissioned successfully, will benefit western region constituents, including Maharashtra State Electricity Distribution Co., Madhya Pradesh Power Trading Co., Gujarat Urja Vikas Nigam, Chhattisgarh State Power Distribution Co. (CSPDCL), Madhya Pradesh Audyogik Kendra Vikas Nigam (MPAKVNL), Electricity Department of Goa, Administration of Daman & Diu and the Electricity Department of Dadra & Nagar Haveli.

Company Name	CMP
NTPC	397.90
Tata Power	433.65
Adani Power	200.80
Power Grid Corp	319.60
Torrent Power	1605.70
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Company Name

CMP

397.90

433.65

200.80

319.60

1605.70

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Reliance Infrastructure to invest Rs 1,800 crore in inter-state power link

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