en.Wedoany.com Reported - Tata Power has emerged as the winner of a transmission project in Karnataka through a tariff-based competitive bidding organized by PFC Consulting, a wholly owned subsidiary of Power Finance Corporation. The company has received the letter of award to implement a renewable energy evacuation scheme under the Build, Own, Operate and Transfer (BOOT) model. The selection, made through a competitive process, enables Tata Power to expand its transmission operations in the state.

Under the contract, Tata Power will acquire the special purpose vehicle (SPV) established for the scheme and will be responsible for the development, operation, and maintenance of the transmission assets during the concession period. The company assumes obligations for construction and long-term asset management, and will adhere to the commercial terms specified in the project documents. This arrangement transfers operational responsibilities to Tata Power while enabling public clients to leverage private investment.

The transmission scheme aims to strengthen Karnataka's power grid and support the evacuation of renewable energy generation to demand centers. According to the project documents, the annual transmission fee is Rs 5.21 billion (Rs 5,210 million, or Rs 521 crore), which is expected to be generated upon commissioning. The additional capacity is intended to facilitate the transfer of power from generation hubs to load centers and alleviate congestion on critical transmission corridors.

This award expands Tata Power's transmission portfolio amid India's increased investment in power evacuation infrastructure to achieve clean energy goals. The project is expected to enhance transmission capacity and facilitate the integration of more renewable energy capacity into the grid. Observers note that the transmission sector is becoming central to India's energy transition, and the trend of private capital participation through the BOOT model is likely to continue.

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