Rs.14,766 to be developed under Tariff Based Competitive Bidding
The Ministry of Power and Ministry of New and Renewables (MNRE) has approved new 23 Inter State Transmission System Projects (ISTS) with an estimated cost of Rs.15,893 crore to facilitate evacuation system for 14 GW of Renewable Projects in Rajasthan, 4.5 GW of RE projects in Gujarat, 1 GW Neemuch Solar Park in Madhya Pradesh. The supply from these power plant will supply areas near Akhnoor and Jammu region by establishing Siot Substation in Jammu.
The new ISTS projects comprises of 13 projects with an estimated cost of Rs.14,766 to be developed under Tariff Based Competitive Bidding (TBCB) and 10 projects with an estimated cost of Rs.1,127 crore to be developed under Regulated Tariff Mechanism (RTM), said the Ministries in a release on 8 Dec 2021.
The projects were approved after examining the recommendations of the National Committee on Transmission and in accordance with the National Tariff Policy 2016, which provides that ISTS project is developed through TBCB, except for certain category projects, which are strategic, technical-upgradation or time-bound in nature.
The above transmission network expansion would augment seamless transfer of power from power surplus regions to power deficit regions and thus optimizing the use of generation resources as well as meeting the demands of end consumers without any transmission constraints. It would assist growth of renewable energy based capacity, said the release. fiinews.com
