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.