Techno Electric & Engineering Company has entered into a Share Purchase Agreement (SPA) to acquire 26% equity share capital of Kohima-Mariani Transmission (KMTL or SPV Company) from Kalpataru Power Transmission (KPTL).
KMTL was incorporated by PFC Consulting (PFCCL) as SPV Company to carry out expansion of 400kV Network in North Eastern Region through new 400kV line and upgradation of existing 400kV lines presently charged at 132kV to its rated voltage of 400kV, to form the Imphal-New Kohima-New Mariani section of Silchar - Imphal - New Kohima -New Mariani - Misa - Silchar along with establishment of new 400/220 kV substation at New Kohima on Built, Own, Operate and Maintain basis (Project) and KPTL acquired 100% equity shares of said SPV company from PFCCL.
Techno Electric & Engineering Company is a provider of engineering, procurement and construction (EPC) services to core sector industries in India. The company’s segments are EPC (Construction), Energy (Power) and Corporate.
