Tata Power, a prominent player in India’s power sector and a key entity within the Tata Group, has secured the winning bid for the acquisition of Bikaner-III Neemrana-II Transmission Limited. This acquisition involves a project special purpose vehicle (SPV) established by PFC Consulting Limited, a subsidiary of Power Finance Corporation.
The company was officially awarded the letter of intent (LOI) after successfully emerging as the top bidder in the Tariff-Based Competitive Bidding (TBCB) process, adhering to the guidelines set by the Union Ministry of Power.
Project Details and Significance of Bikaner-Neemrana Transmission
The transmission project, developed on a Build-Own-Operate-Transfer (BOOT) basis, is designed to facilitate the evacuation of 7.7 GW of renewable energy from the Bikaner Complex in Rajasthan. The transmission corridor covers approximately 340 kilometers from Bikaner-III pooling station to Neemrana II substation. It would cost about ₹1,544 crore. Tata Power will be responsible for maintaining the transmission project for a duration of 35 years, with an expected commissioning timeline of 24 months from the date of project SPV transfer.
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Key Milestone in India’s Renewable Energy Integration
Upon successful commissioning, this transmission project will play a pivotal role in realizing the Ministry of Power’s 2022 roadmap. The roadmap aims to integrate over 500 GW of renewable energy capacity into the national grid by 2030, marking a significant step in India’s clean energy transition.
About Tata Power
Tata Power, a leading integrated power company and part of the Tata Group, boasts a diversified portfolio of 14,407 MW across the entire power value chain. This encompasses renewable and conventional energy generation, transmission & distribution, trading, storage solutions, as well as solar cells and module manufacturing. As a trailblazer in India’s clean energy transition, Tata Power has committed to achieving carbon neutrality before 2045 and currently holds 5,547 MW of clean energy generation, constituting 39% of its total capacity.
The company has established India’s most comprehensive clean energy platform, featuring offerings such as rooftop solar, microgrids, storage solutions, EV charging infrastructure, home automation, and more. Tata Power’s success extends to partnerships with public and private entities in the generation, transmission & distribution sectors, serving approximately 13 million customers across the country.
For more information about Tata Power, visit www.tatapower.com.
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