Tata Power has received Letter of Intent (LoI) from REC Power Development and Consultancy (a wholly-owned subsidiary of REC) to acquire Jalpura Khurja Power Transmission, a project special purpose vehicle (SPV).
The Project SPV (Jalpura Khurja Power Transmission) would be developed on Build-Own-Operate Transfer basis, to provide transmission service for 35 years from the schedule date of commercial operation (SCOD) which is 18 months from the date of SPV acquisition. The estimated project cost is Rs 838 crore.
Tata Power Company is India’s largest integrated power company.
