Torrent Power has emerged as the Successful Bidder and has received Letter of Intent (LoI) from PFC Consulting on February 27, 2024 for Establishment of Inter-state transmission scheme ‘Transmission System for Evacuation of Power from RE Projects in Solapur (1,500 MW) SEZ in Maharashtra’ under Tariff Based Competitive Bidding (TBCB) Process.
The project has been conceived to evacuate Renewable energy with a capacity of 1,500 MW from Solapur and entails the setting up of a transmission line of approximate 44 kms from existing Solapur substation of PGCIL to Solapur substation (to be established by Torrent Power).
In due course, PFC consulting will transfer the project SPV to Torrent Power. While Torrent Power owns and operates Transmission projects; the award of this project marks Torrent Power’s foray into the development of Transmission projects under the TBCB framework.
Torrent Power is an integrated utility engaged in the business of power generation, transmission and distribution with operations in the states of Gujarat, Maharashtra and Uttar Pradesh.
