Mumbai, Mar 10 (ANI): Reliance Power Transmission Limited (RPTL), a wholly-owned subsidiary of Reliance Infrastructure, has signed power transmission agreements with eight entities from the western region for two state power transmission projects - B and C.
RPTL has signed the agreements through its two SPVs for the projects under the Western Region System Strengthening Scheme-II (WRSSS-II).
As directed by the Central Electricity Regulatory Commission (CERC), the Power Grid Corporation of India had invited tariff-based competitive bids in 2005 for establishing 400 KV double circuit transmission lines around 1,500 kilometres under WRSSS-II in the western region, most importantly in Maharashtra and Gujarat.
The RPTL won the project as the lowest bidder and obtained transmission licence from the CERC.
The power transmission agreements have now been signed. "This is a major achievement that shall pave the way for attaining financial closure for these projects, costing Rs 1,800-crore," the press release said. (ANI)