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Kallam Transmission Limited (KTL)

OVERVIEW

JTCL was incorporated on September 8, 2009. JTCL entered into a TSA dated December 1, 2010 and a TSA dated November 12, 2013 with PGCIL. The JTCL project was awarded to IGL by the Ministry of Power on January 19, 2011 for a 35-year period from the scheduled commercial operation date of the JTCL project, on a BOOM basis. We acquired JTCL from the Sterlite Sponsor in May, 2017.

JTCL In The GridJTCL alleviates transmission capacity bottlenecks and expands the reliability and stability of the power grid in western and northern India by providing open access to transmit power from the independent power projects in the east of India. The corridors thus created are crucial links, on the basis of which the CTU has entered long-term open-access agreements with several generation companies in the eastern region of India.

JTCL operates two EHV overhead transmission lines of approximately 992 ckms in the states of Chhattisgarh and Madhya Pradesh comprising one 765 kV double circuit line of approximately 757 ckms from Dharamjaigarh (Chhattisgarh) to Jabalpur (Madhya Pradesh) and one 765 kV single circuit line of approximately 235 ckms from Jabalpur to Bina in Madhya Pradesh. Further, JTCL has the first 765 kV transmission line developed by a private developer under the build, own, operate and maintain model, according to CRISIL.

Details of JTCL’s transmission lines are set forth as follows:

TRANSMISSION LINE / SUBSTATION ROUTE LENGTH (CKMS) SPECIFICATIONS COMMISSION DATE EXPIRY TERM OF TSA
Jabalpur-Dharamjaigarh 757 765 kV D/C September 14, 2015 March 31, 2049
Jabalpur-Bina 235 765 kV S/C July 1, 2015 March 31, 2049
Total 992 - - -
The average quarterly availability of JTCL since commissioning is set forth in the table below, which is higher than the target availability of 98% under the JTCL TSA. As of March 31, 2020, the JTCL TSA had a remaining term of approximately 29 years.

SOLAR I & II

OVERVIEW

SOLAR I & II is an operational 100 MW solar asset located in high radiation zone in the 400 MW Ananthapuram Solar Park in Andhra Pradesh with a contractual period of 25 years at a fixed tariff. The Power Purchase Agreement (PPA) has been signed with SECI on October 16, 2016 at a fixed tariff for 25 years of project life with Solar Energy Corporation of India (“SECI”), a limited liability company owned 100% by the Government of India, as the counterparty. These superior quality projects use Tier I equipment and are eligible to receive a fixed tariff on per unit of electricity generatedthus limiting the operational risk. The projects have been operational for more than 2 years and have a robust track record of collections with a healthy plant availability of 99.0% and grid availability of >99.8% since inception. We completed acquisition of 100% stake in two solar assets with cumulative capacity of 100 MW (AC) from Fotowatio Renewable Ventures (SOLAR I & II) at an enterprise value of ~INR 6.60 Billion in July 2021.

Details of the SOLAR I & II transmission lines are set forth as follows:

Element Location Specifications Actual commission date Expiry of term of the TSA
Project P2 Ananthapuram Solar Park, District Kadapa, AP AC capacity: 50 MW; DC capacity: 68 MWp July 2018 25 years from declared COD date
Project P8 Ananthapuram Solar Park,District Kadapa, AP District Kadapa, AP AC capacity: 50 MW; DC capacity: 70 MWp Jan 2019s 25 years from declared COD date

NER II TRANSMISSION LIMITED (NER II)

OVERVIEW

NER was incorporated on April 21, 2015. NER entered into a TSA on December 27, 2016. The NER project was awarded by the Ministry of Power on February 22, 2017 for a 35-year period from the scheduled commercial operation date of the NER project, on a BOOM basis. The NER project is located in the state of Tripura, Assam and Arunachal Pradesh. We believe that the (i) NER project would strengthen the interconnection between the states of Assam and Arunachal Pradesh and provide an additional source of power to Itanagar, and (ii) also provide a strong interconnection between the northern and southern part of the north east region.

Details of NER’s transmission lines, substations and line bays are set forth as follows:

TRANSMISSION LINE / SUBSTATION ROUTE LENGTH (CKMS) SPECIFICATIONS COMMISSION DATE
BiswanathChariyalli (Powergrid) – Itanagar Line 135.88 132kV/D/C March 2021(1)
Lilo of one circuitof BiswanathChariyali (Powergrid)- - Itanagar line at Gohpur (AEGCL). 17 132kV/D/C March 2021(1)
Silchar (Powergrid)– Misa (Powergrid) line 356 400kV D/C February 2021(2)
400/132 kV, 2*315 MVA Single phase sub-station at Surajmaninagar - 400/132 kV, 2X315 MVA January 2021(3)
400/132 kV, 2*315 MVA sub-station at P.K. Bari - 400/132 kV, 2X315 MVA January 2021(3)
AGTPP (NEEPCO)– P.K. Bari (TSECL) Line 166.90 132kV/D/C February 2021(2)
Surajmaninagar –P.K. Bari Line 154.68 400kV/D/C January 2021(3)
Line bays at Itanagar for terminating the BiswanathChariyalli (Powergrid) – Itanagar line - 2X132 kV line bays March 2021(1)
Line bays at NEEPCO (AGTPP) sub-station for terminating the AGTPP (NEEPCO) – P.K. Bari (TSECL) line - 2X132 kV line bays February 2021(2)
Line bays at PK Bari (TSECL) sub-station for terminating the AGTPP (NEEPCO) – P.K. Bari (TSECL) line - 2X132 kV line bays February 2021(2)
Line bays at Palatana GBPP switchyard for termination of Palatana- Surajmaninagar400 kV D/C line - 2X400 kV line bays January 2021(3)

(1) Expected commission date.
(2) Commissioning date.
(3) Deemed commission date.

PARBATI KOLDAM TRANSMISSION COMPANY LIMITED (PRKTCL)

OVERVIEW

PrKTCL was incorporated on September 2, 2002. PGCIL had incorporated PrKTCL as a special purpose vehicle to maintain the PrKTCL project on BOO basis, i.e. to be maintained on a perpetual basis by the shareholders of the project. Similar to other assets in our portfolio, the transmission license was granted to PrKTCL for a period of 25 years on September 15, 2008. PrKTCL, under CERC (Terms and Conditions of Tariff) Regulations, 2019 is eligible to receive tariff for a period of 35 years from the date of commissioning of the project elements. In January, 2020, we completed the acquisition of 74 % of the equity shares of PrKTCL from Reliance Infrastructure Limited. Pursuant to the PrKTCL Share Purchase Agreement, we have also executed a deed of adherence dated January 8, 2021 for the balance shareholding in PrKTCL.

PrKTCL In The GridPrKTCL operates two transmission lines, subdivided into various revenue generating elements, with a total circuit length of has approximately 458 ckms of 400 kV transmission lines and substations, including, Koldam - Ludhiana line, with a length of 301 ckms, LILO of Parbati III HEP to LILO of Parbati Pooling Station line, with a length of 3.5 ckms, Banala to Nalagarh line, with a length of 66 ckms, Banala to Koldam line, with a length of 63 ckms, Parbati II to Banala line, with a length of 14 ckms, and Parbati II to Parbati III line, with a length of 10 ckms, as a part of the transmission system to evacuate power from the Parbati – II, Parbati – III and Koldam hydel power projects.

Details of PrKTCL’s transmission lines and line bays are set forth as follows:

TRANSMISSION LINE / SUBSTATION ROUTE LENGTH (CKMS) SPECIFICATIONS COMMISSION DATE
LILO point of Parbati III HEP to LILO point of Parbati Pooling Station 3.5 400 kV S/C, Quad Bundle Line, Section of CKt-II of Parbati-II to Koldam Transmission Scheme August 01, 2013
Banala – Nalagarh 66 400 kV S/C along with D/C Quad Bundle Line, Part of Ckt-I of Parbati-II – Koldam Transmission Scheme starting from LILO point of Banala Pooling Station to Tower 9C of Ckt-I of Koldam – Nalagarh TL October 10, 2014
Banala - Koldam 63 400 kV S/C alongwith D/C Quad Bundle Line, Part of Ckt-II of Parbati-II – Koldam Transmission Scheme starting from LILO point of Banala Pooling Station to Tower 9E of Ckt-I of Koldam – Nalagarh TL October 04, 2014
Parbati-II – Banala 14 400 kV S/C alongwith D/C Quad Bundle Line, Part of Ckt-I of Parbati-II – Koldam Transmission Scheme starting from Parbati-II HEP to LILO point of Banala Pooling Station November 03. 2015*
Parbati-II – Parbati-III 10 400 kV S/C alongwith D/C Quad Bundle Line, Part of Ckt-I of Parbati-II – Koldam Transmission Scheme starting from Parbati-II HEP to LILO point of Parbati-III HEP (Post commissioning of Sainj HEP of HPPCL this section has been connected at Loc.#2 forming Parbati-II – Sainj and Sainj – Parbati-III Sections) November 03. 2015*
Koldam – Ludhiana 301 400 kV D/C, Triple Bundle Line. Ckt-I: August 07, 2014 Ckt-II: August 14, 2014

* The transmission line elements have been claimed as commissioned with effect from June 1, 2015 as per the CERC Tariff Petition.
**As per CERC (Terms and Condition of Tariff) Regulations, 2019, effective COD for the consolidated project has to be used for the purpose of tariff determination. Based on the true up of tariff for block periods FY 2014-19 and approved tariff for FY 2019-24, effective COD is likely to be in FY 2014-15.

JHAJJAR KT TRANSCO PVT LTD (JKTPL)

OVERVIEW

JKTPL was incorporated on May 19, 2010. JKTPL entered into a TSA on May 28, 2020. Based on the competitive bidding process conducted by HVPNL), PTL and TEECL were awarded the JKPTL project through public private partnership on design, build, finance, operate and transfer basis with viability gap funding. Upon receiving the letter of award from HVPNL by way of the letter dated April 15, 2010, KPTL and TEECL incorporated JKTPL as a limited liability company. HVPNL has granted JKTPL the concession, including the exclusive right and authority to construct, operate and maintain the JKTPL project and to provide transmission services, for a period of 25 years with effect from November 9, 2010, being the appointed date, unless extended by HVPNL. In October, 2020, we completed the acquisition of 100% of the equity shares of JKTPL from KPTL and TEECL.

Details of the JKTPL’s transmission lines are set forth as follows:

TRANSMISSION LINE / SUBSTATION ROUTE LENGTH (CKMS) SPECIFICATIONS COMMISSION DATE
Jharli (Jhajjar) -Kabulpur (Rohtak) 70 400 kV March 12, 2012
Kbulpur (Rohtak) -Dipalpur (Sonepat) 134 400 kV March 12, 2012
Dipalpur substation Abdullapur - Bawana line 0.7 400 kV S/C loop in loop out line at 400kV substation Dipalpur of 400 kV D/C line at from Abdullapur-Bawana March 12, 2012
Kabulpur (Rohtak) substation - 400 kV/220 kV/ 132 kV March 12, 2012
Dipalpur (Sonepat) substation - 400 kV/220 kV/ 132 kV March 12, 2012

GURGAON-PALWAL TRANSMISSION LIMITED (GPTL)

OVERVIEW

GPTL was incorporated on October 26, 2015. GPTL entered into a TSA on March 4, 2016. The GPTL project was awarded by the Ministry of Power on March 17, 2016 for a 35-year period from the scheduled commercial operation date of the GPTL project, on a BOOM basis. We acquired 49% of GPTL (with 100% economic interest) from SGL4 in August, 2020.

Details of GPTL’s transmission lines, substations and line bays are set forth as follows:

TRANSMISSION LINE / SUBSTATION ROUTE LENGTH (CKMS) SPECIFICATIONS COMMISSION DATE EXPIRY TERM OF TSA
Aligarh - Prithala 99 400 kV D/C HTLS line August 06, 2019 July 2054
Prithala – Kadarpur 55 400 kV D/C HTLS line December 7, 2019 July 2054
Kadarpur-Sohna Road 22 400 kV D/C HTLS line March 21, 2020 July 2054
LILO of Gurgaon Manesar 2 400 kV D/C Quad line March 13, 2020 July 2054
Neemrana – Dhonanda 93 400 kV D/C HTLS line February 25, 2019 July 2054
Kadarpur substation - 400/220 kV, 2 x 500 MVA December 11, 2019 July 2054
Sohna Road substation - 400/220 kV, 2 x 500 MVA April 13, 2020 July 2054
Prithala substation - 400/220 kV, 2 x 500 MVA August 8, 2019(1) July 2054
Dhonanda substation - Two 400 kV line bays February 25, 2019 July 2054

(1) Deemed commission date.

EAST-NORTH INTERCONNECTION COMPANY LIMITED (ENICL)

OVERVIEW

ENICL was incorporated on February 1, 2007. ENICL entered into a TSA dated August 6, 2009 and a transmission services agreement dated January 28, 2013 with PGCIL. The ENICL project was awarded by the Ministry of Power on January 7, 2010 for a 25-year period from the date of issue of the license by CERC, on a BOOM basis. We acquired ENICL from the Sterlite Sponsor in May, 2020.

ENICL In The GridENICL operates two EHV overhead transmission lines of approximately 909 ckms in the states of Assam, Bihar and West Bengal, comprising one 400 kV D/C line of approximately 443 ckms from Bongaigaon (Assam) to Siliguri (West Bengal) and one 400 kV D/C line of approximately 466 ckms from Purnia (Bihar) to Biharsharif (Bihar). The project was fully commissioned in November 2014.

Details of ENICL’s transmission lines are set forth as follows:

TRANSMISSION LINE / SUBSTATION ROUTE LENGTH (CKMS) SPECIFICATIONS COMMISSION DATE
Bongaigaon-Siliguri 443 400 kV D/C November 12, 2014
Purnia-Biharsharif 466 400 kV D/C September 16, 2013

ODISHA GENERATION PHASE II TRANSMISSION LIMITED (OGPTL)

OVERVIEW

OGPTL was incorporated on April 17, 2015. OGPTL entered into a TSA on November 20, 2015. The OGPTL project was awarded by the Ministry of Power on January 6, 2016 for a 35-year period from the scheduled commercial operation date of the OGPTL project, on a BOOM basis. We acquired OGPTL from the Sterlite Sponsor in July, 2019. The Jharsuguda-OPGC 400kV D/C transmission line was commissioned in August 2017 and Raipur- Jharsuguda line was commissioned in April, 2019.

Details of OGPTL’s transmission lines are set forth as follows:

TRANSMISSION LINE / SUBSTATION ROUTE LENGTH (CKMS) SPECIFICATIONS COMMISSION DATE EXPIRY TERM OF TSA
Raipur – Jharsuguda 608 765kV D/C April 6, 2019 April 2054
Jharsuguda – OPGC 103 400 kV D/C August 30, 2017 July 2052

NRSS XXIX TRANSMISSION LIMITED (NTL)

OVERVIEW

NTL was incorporated on July 29, 2013. NTL entered into a TSA on January 2, 2014. The NTL project was awarded by the Ministry of Power on May 23, 2014 for a 35-year period from the scheduled commercial operation date of the NTL project, on a BOOM basis. We acquired NTL from the Sterlite Sponsor in June, 2019.

NTL In The GridThe NTL project was expected to deliver over 2,000 MW of electricity from Punjab to the Kashmir Valley by strengthening the transmission system in the states of Jammu and Kashmir and Punjab. The Jalandhar-Samba 400 kV D/C transmission line was commissioned in June 2016 and the Uri-Wagoora transmission line was commissioned on September 2, 2018.

Details of NTL’s transmission lines and substations are set forth as follows:

TRANSMISSION LINE / SUBSTATION ROUTE LENGTH (CKMS) SPECIFICATIONS COMMISSION DATE EXPIRY TERM OF TSA
Jalandhar—Samba 270 400 kV D/C June 24, 2016 June 2051
Samba—Amargarh 547 400 kV D/C September 2, 2018 September 2053
Uri—Wagoora 14 - September 2, 2018 September 2053
Amargarh Substation - 400/220 kV D/C GIS Substation with 735 MVA of transformation capacity September 2, 2018 September 2053

PATRAN TRANSMISSION COMPANY LIMITED (PTCL)

OVERVIEW

PTCL was incorporated on December 19, 2012. PTCL entered into a TSA on May 12, 2014. The PTCL project was awarded by the Ministry of Power to TEECL and TPGCL through a letter of intent dated September 8, 2013 for a 35-year period from the scheduled commercial operation date of the PTCL project, on a BOOM basis. In August, 2018, we completed the acquisition of 74% of the equity shares of PTCL from TEECL and TPGCL.

PTCL In The GridPTCL constitutes a key component in strengthening the power transmission system in the state of Punjab. PTCL operates one 400 kV D/C line from Patiala to Kaithal in Punjab and has a 1000 MVA, 400/220 kV substation at Patran and 14 kV line bays. The Patiala – Kaithal 400 kV D/C transmission line was commissioned in June 2016.

Details of PTCL’s transmission lines are set forth as follows:

TRANSMISSION LINE /SUBSTATION ROUTE LENGTH (CKMS) SPECIFICATIONS COMMISSION DATE EXPIRY TERM OF TSA
Patiala—Kaithal - 400 kV D/C November 12, 2016 November 2051
Patran substation - 2*500MVA, 400/220kV Substation at Patranwith; i. 6 nos 400kV Bays ii. 8 nos 220kV Bays November 12, 2016 November 2051

MAHESHWARAM TRANSMISSION LIMITED (MTL)

OVERVIEW

MTL was incorporated on August 14, 2014. MTL entered into a TSA on June 10, 2015. The MTL project was awarded by the Ministry of Power on July 21, 2015 for a 35-year period from the scheduled commercial operation date of the MTL project, on a BOOM basis. We acquired 49% of MTL from the Sterlite Sponsor in February 2018.

MTL In The GridMTL constitutes a key component in enabling the southern region of India to draw more power from the rest of the grid and seeks to address the issue of power stability in the state of Telangana. This improved grid connectivity is expected to facilitate power procurement from the ISTS network to meet electricity demands in South India. MTL operates two EHV overhead transmission lines with a total circuit length of approximately 477 ckms in the state of Telangana, comprising one 400kV D/C line of approximately 197 ckms from Maheshwaram to Mehboob Nagar in Telangana and one 400kV D/C line of approximately 279 ckms from Nizamabad to Yeddumailaram in Telangana. MTL also has four 400kV line bays. The Maheshwaram – Mehboob Nagar 400 kV D/C transmission line was commissioned on December 14, 2017, while the Nizamabad – Yeddumailaram 400 kV D/C transmission line was commissioned on October 14, 2017. The project was fully commissioned on December 14, 2017.

Details of MTL’s transmission lines and line bays are set forth as follows:

TRANSMISSION LINE /SUBSTATION ROUTE LENGTH (CKMS) SPECIFICATIONS COMMISSION DATE EXPIRY TERM OF TSA
Maheshwaram (PG)—Mehboobnagar 197 400 kV D/C December 14, 2017 December 14, 2053
2 Nos. of 400 kV line bays at Mehboob Nagar S/S of TSTRANSCO - - December 14, 2017 -
Nizamabad—Yeddumailaram (Shankarpalli) 279 400 kV D/C October 14, 2017 October 14, 2053
2 Nos. of 400kV line bays at Yeddumailaram (Shankarpalli) S/S of TSTRANSCO - - December 14, 2017 -
assets

RAPP TRANSMISSION COMPANY LIMITED

OVERVIEW

RTCL was incorporated on December 20, 2012. RTCL entered into a TSA on July 24, 2013 and a TSA dated December 22, 2015 entered into by RTCL with PGCIL. The RTCL project was awarded by the Ministry of Power on September 17, 2013 for a 35-year period from the scheduled commercial operation date of the RTCL project, on a BOOM basis. We acquired 74% of RTCL from the Sterlite Sponsor in February 2018. RTCL facilitates the strengthening of the transmission capability between the northern and western sectors of India’s power grid by evacuating electricity from an atomic power plant near Kota in Rajasthan to central Madhya Pradesh. The project was undertaken in conjunction with the Rajasthan Atomic Power Project established by Nuclear Power Corporation of India.

RTCL In The GridRTCL operates one EHV overhead transmission line of approximately 403 ckms in the states of Rajasthan and Madhya Pradesh, comprised of one 400 kV D/C line from Rajasthan to Madhya Pradesh. The project was fully commissioned in November 11, 2016 at a total cost of ₹2,600 million. The net depreciated value of the asset as of December 31, 2020 is ₹ 2,172.21 million.

Details of RTCL’s transmission line are set forth as follows:

TRANSMISSION LINE /SUBSTATION ROUTE LENGTH (CKMS) SPECIFICATIONS COMMISSION DATE EXPIRY TERM OF TSA
RAPP—Shujalpur 403 400 kV D/C March 1, 2016 February 2051

PURULIA & KHARAGPUR TRANSMISSION COMPANY LIMITED (PKTCL)

OVERVIEW

PKTCL was incorporated on December 15, 2012. PKTCL entered into a TSA on August 6, 2013. The PKTCL project was awarded by the Ministry of Power on September 17, 2013 for a 35-year period from the scheduled commercial operation date of the PKTCL project, on a BOOM basis. We acquired PKTCL from the Sterlite Power in February, 2018.

PKTCL In The GridPKTCL supports the interconnection of the West Bengal state grid and the ISTS and facilitates the exchange of additional power between them. PKTCL was established to strengthen the transmission system in the states of West Bengal and Jharkhand.

PKTCL operates two EHV overhead transmission lines with a total circuit length of approximately 545 ckms in the states of West Bengal and Jharkhand, comprising one 400 kV D/C line of approximately 322 ckms from Kharagpur (West Bengal) to Chaibasa (Jharkhand) and one 400 kV D/C line of approximately 223 ckms from Purulia (West Bengal) to Ranchi (Jharkhand). The Kharagpur-Chaibasa 400 kV D/C transmission line was commissioned in June 2016, while the Purulia – Ranchi 400 kV D/C transmission line was commissioned in January 2017. The project was fully commissioned in January 2017 at a total cost of ₹4,405 million. The net depreciated value of the asset as of December 31, 2020 is ₹ 3,791.60 million.

Details of PKTCL’s transmission lines are set forth as follows:

TRANSMISSION LINE /SUBSTATION ROUTE LENGTH (CKMS) SPECIFICATIONS COMMISSION DATE EXPIRY TERM OF TSA
Kharagpur (WBSETCL)—Chaibasa (PG) 322 400 kV D/C June 18, 2016 April 19, 2051
Purulia PSP (WB)—Ranchi PG 223 400 kV D/C January 7, 2017 April 19, 2051

BHOPAL DHULE TRANSMISSION COMPANY LIMITED (BDTCL)

OVERVIEW

BDTCL was incorporated on September 8, 2009. BDTCL entered into a transmission service agreement dated December 7, 2010 and a transmission services agreement dated November 12, 2013 with Power Grid Corporation of India Limited (the “BDTCL TSA”). The BDTCL project was awarded to SGL1 by the Ministry of Power on January 31, 2011 for a 35-year period from the scheduled commercial operation date of the BDTCL Project, on a BOOM basis.

BDTCL In The GridBDTCL facilitates the transfer of electricity from coal-fired power generation sources from the states of Odisha and Chhattisgarh to power load centers in India’s western and northern regions. As our largest power transmission project, BDTCL operates six EHV overhead transmission lines of approximately 944 ckms comprising four 765 kV single circuit lines of approximately 891 ckms and two 400 kV dual circuit lines of approximately 53 ckms

The single circuit lines comprise an approximately 260 ckms line from Jabalpur to Bhopal in Madhya Pradesh, an approximately 176 ckms line from Bhopal to Indore in Madhya Pradesh, an approximately 192 ckms line from Aurangabad to Dhule in Maharashtra and an approximately 263 ckms line from Dhule (Maharashtra) to Vadodara (Gujarat). The double circuit lines consist of an approximately 36 ckms line within Dhule and an approximately 17 ckms line within Bhopal. In addition, the project includes two 3,000 MVA sub-stations, one each in Bhopal and Dhule.

BDTCL was fully commissioned in June 2015. BDTCL was awarded a Silver Shield for the year 2013-2014 in the category of ‘Early Completion of Transmission Projects’ by the Ministry of Power for its Dhule sub-station.

Details of BDTCL’s transmission lines and substations are as follows:

TRANSMISSION LINE / SUBSTATION ROUTE LENGTH (CKMS) SPECIFICATIONS COMMISSION DATE EXPIRY TERM OF TSA
Bhopal— Jabalpur 260 765 kV S/C June 9, 2015 March 31, 2049
Bhopal—Indore 176 765 kV S/C November 19, 2014 March 31, 2049
Bhopal—Bhopal (MPPTCL) 17 400 kV D/C August 12, 2014 March 31, 2049
Aurangabad—Dhule (IPTC) 192 765 kV S/C December 5, 2014 March 31, 2049
Dhule (IPTC)—Vadodara 263 765 kV S/C June 13, 2015 March 31, 2049
Dhule (IPTC)—Dhule (MSETCL) 36 400 kV D/C December 6, 2014 March 31, 2049
Bhopal Substation - 2 x 1,500 MVA 765/400 kV September 30, 2014 March 31, 2049
Dhule Substation - 2 x 1,500 MVA 765/400 kV December 6, 2014 March 31, 2049

JABALPUR TRANSMISSION COMPANY LIMITED (JTCL)

OVERVIEW

JTCL was incorporated on September 8, 2009. JTCL entered into a TSA dated December 1, 2010 and a TSA dated November 12, 2013 with PGCIL. The JTCL project was awarded to IGL by the Ministry of Power on January 19, 2011 for a 35-year period from the scheduled commercial operation date of the JTCL project, on a BOOM basis. We acquired JTCL from the Sterlite Sponsor in May, 2017.

JTCL In The GridJTCL alleviates transmission capacity bottlenecks and expands the reliability and stability of the power grid in western and northern India by providing open access to transmit power from the independent power projects in the east of India. The corridors thus created are crucial links, on the basis of which the CTU has entered long-term open-access agreements with several generation companies in the eastern region of India.

JTCL operates two EHV overhead transmission lines of approximately 992 ckms in the states of Chhattisgarh and Madhya Pradesh comprising one 765 kV double circuit line of approximately 757 ckms from Dharamjaigarh (Chhattisgarh) to Jabalpur (Madhya Pradesh) and one 765 kV single circuit line of approximately 235 ckms from Jabalpur to Bina in Madhya Pradesh. Further, JTCL has the first 765 kV transmission line developed by a private developer under the build, own, operate and maintain model, according to CRISIL.

Details of JTCL’s transmission lines are set forth as follows:

TRANSMISSION LINE / SUBSTATION ROUTE LENGTH (CKMS) SPECIFICATIONS COMMISSION DATE EXPIRY TERM OF TSA
Jabalpur-Dharamjaigarh 757 765 kV D/C September 14, 2015 March 31, 2049
Jabalpur-Bina 235 765 kV S/C July 1, 2015 March 31, 2049
Total 992 - - -
The average quarterly availability of JTCL since commissioning is set forth in the table below, which is higher than the target availability of 98% under the JTCL TSA. As of March 31, 2020, the JTCL TSA had a remaining term of approximately 29 years.

Kallam Transmission Limited (KTL)

OVERVIEW

Kallam Transmission Limited (“KTL”) was incorporated on May 28, 2020. KTL entered into a TSA dated September 30, 2021 with the Long TermTransmission Customers. The letter of intent for development of KTL was awarded to consortium of IGL1 and IGL2 (“IndiGrid Consortium”) by the REC Power Development and Consultancy Limited on November 30, 2021 for a 35-year period from the scheduled commercial operation date, on a Build, Own, Operate and Maintain model. IndiGrid Consortium acquired the project on December 28, 2021. The project is currently under development with scheduled commissioning in June 2023.

KTL In The GridOnce developed, KTL will be a crucial project for evacuation of renewable energy to the extent of 1 GW in the Osmanabad region of Maharashtra.
The scope of work for KTL includes operation of a 1000 MVA substation in Kallam region with an interlinking multi circuit transmission line of ~18 kilometers with a line in line out of both circuits from the 400 kV double circuit Pune- Parli transmission line.

Details of KTL’s project elements are set forth as follows:

Project element ROUTE LENGTH (CKMS) Substation capacity (MVA) SPECIFICATIONS COMMISSION DATE EXPIRY TERM OF TSA
Kallam substation - 1,000 2x500 MVA, 400/220 kV 8 line bays (4x 400 kV, 4x220 kV) 4 ICT bays (2x400 kV, 2x220 kV) June 2023 (Expected/Scheduled) June 2058
LILO line at Kallam PS ~18 - Multicircuit line, LILO of both circuits of Parli(PG) – Pune(GIS) 400kV D/c line June 2023 (Expected/Scheduled) June 2058