Tata Power, one of India’s leading integrated power companies, has recently marked a significant milestone in the renewable energy sector by securing the Bikaner-III Neemrana-II Transmission Project in Rajasthan. This achievement follows their successful bid in the Tariff-Based Competitive Bidding (TBCB) process, as outlined by the guidelines of the Union Ministry of Power.
The project, to be developed on a Build-Own-Operate-Transfer (BOOT) basis, has a significant role to play in India’s renewable energy landscape. It is designed to facilitate the evacuation of a substantial 7.7 gigawatts (GW) of renewable energy from the Bikaner Complex in Rajasthan. The project encompasses the construction of a robust 340 km transmission corridor, connecting the Bikaner-III pooling station to the Neemrana II substation.
This strategic initiative by Tata Power is not only a testament to their commitment towards advancing renewable energy infrastructure in India but also aligns with the country’s broader sustainable energy goals. The project, with an estimated cost of Rs 1,544 crore, is anticipated to be completed within 24 months from the date of the project SPV transfer. Tata Power will be responsible for the maintenance of this transmission project for an extensive period of 35 years.
This project represents a significant step forward in bolstering India’s renewable energy infrastructure, underscoring Tata Power’s pivotal role in the nation’s sustainable energy journey.