Jhajjar KT Transco commissions a power transmission project in Haryana

Jhajjar KT Transco, a special purpose vehicle with 51:49 joint venture between Kalpataru Power Transmission and Techno Electric Engineering successfully commissioned the 400 KV intra-state power transmission project on Mar. 12, 2012 in a record duration of 16 months from the date of financial closure.

The project is a public-private partnership project with the Haryana Government initiative and the first ever transmission project to get Viability Gap funding support from the Central Government.

JKTPL was awarded the project in May 2010 by Haryana Vidyut Prasaran Nigam (HVPNL) on a DBFOT basis for a concession period of 25 years, extendable by another 10 years. JKTPL will receive terminal value equivalent to 60 months revenue at the end of 25th year of concession period in case the concession period does not get extended to 35 years. HVPNL is the first state utility to promote this kind of a partnership between private and public sectors in power transmission, with other utilities wanting to replicate the model.

The Rs 4.44 billion project has been financed through a mix of debt and equity. Debt at Rs 2.76 billion and the combined equity of Rs 760 million was put in by both joint venture partners. The grant of Rs 920 million has been extended by the Central Government. The project will ensure a sustainable income flow of Rs 45 million to the company as a unitary charge payable per month.

The 400 KV transmission system comprises of double circuit quad moose line extending from Jharli to Kabulpur, Rohtak (35 Km) and Kabulpur to Dipalpur, Sonepat (64 KM) with 2 No. substations of 400/220 KV of 24 Bays each at Rohtak and Sonepat. The transmission network is designed to facilitate evacuation of 2400 MW of power and will initially transmit 1320 MW (2 x 660 MW) of power from Jhajjar power plant in Haryana.