OPTCL to take up five 400 KV substations at Rs 1103 cr
Odisha Power Transmission Corporation Limited (OPTCL) has firmed up plans to implement five 400 KV grid substations in the state at a cost of Rs 1103 crore on the public private partnership (PPP) mode.
The grid substations will be set up at Lapanga near Sambalpur, Nisha near Angul and Khuntuni under Cuttack district for evacuation of surplus power by independent power producers (IPPs), minister for energy Arun Kumar Sahoo said in a written reply to the state assembly.
Global consultants PricewaterhouseCoopers (PwC) and Ernst & Young have been roped in as transaction advisors for these projects. The other two 400 KV substations are to be set up at Paradeep and Mendhasala on the outskirts of Bhubaneswar.
The state government has signed MoUs (memorandum of understanding) with 29 IPPs with a generation capacity of around 37000 MW with the state share at 6300 MW. Transmission capacity of 19500 MVA was needed in the state to evacuate the surplus power generated by these IPPs.It may be noted that OPTCL has initiated steps for augmentation, renovation and installation of new projects worth Rs 4516 crore from its own accruals. The project portfolio includes 62 augmentation projects (Rs 43 crore), 157 220 KV and 132 KV sub stations (Rs 3803 crore) and sixteen (16) 400 KV ring projects (Rs 989 crore).
IIM Sambalpur
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