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. As a result, we now own PTCL’s one substation having 1,000 MVA of transformation capacity.
PTCL 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 / Sub-Station||Route Length (ckms)||Specifications||Commission Date||Expiry of term of the TSA||Contribution to Total Tariff|
|Patiala—Kaithal||-||400 kV D/C||November 12, 2016||November 12, 2016||-|
|Patran substation||-||2*500MVA, 400/220kV Substation at Patranwith;
i. 6 nos 400kV Bays
ii. 8 nos 220kV Bays
|November 12, 2016||November 12, 2016||100%|
The average quarterly availability of PTCL since commissioning is set forth in the following table, which is higher than the target availability of 98% under the PTCL TSA. As of March 31, 2020, the PTCL TSA had a remaining term of over 31 years.
*Quarterly data is calculated as an average of three months data, based on the monthly availability certificates.
*Certain data post September 2020 are based on estimates.