An SPV of Kalpataru Power Transmission Ltd. and Techno Electric and Engg. Co. Ltd. – Jhajjar KT Transco Pvt. Ltd. has successfully achieved Financial Closure of 1st DBFOT Project (VGF basis) of 400 KV, 100 km. power transmission line from Jharli to Bawana Project from Haryana Vidyut Prasaran Nigam Ltd. (HVPNL).
The SPV has secured term debt of Rs.276 crore from consortium of lenders.
The project has to be completed over a period of 14 months from the date of financial closure. The SPV has also obtained transmission license from Haryana Electricity Regulatory Commission (HERC) to construct and operate this line for initial concession period of 25 years with options of extension for another 10 years.
The SPV will receive terminal value equivalent to 20 months revenue i.e. approx. Rs. 100 crore at the end of 25th year of concession period in case the concession period does not get extended to 35 years.
About Kalpataru Power Transmission Limited (KPTL):
KPTL is one of the largest and fastest growing specialized EPC companies in India engaged in power transmission & distribution, oil & gas pipeline, infrastructure development, civil contracting and warehousing & logistics business with a strong international presence in power transmission & distribution business.
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About Techno
Techno, headquartered in Kolkata, is a leading EPC company with a three-decade rich experience in the power sector. It provides engineering, procurement and construction services to all the three segments of power sector namely generation, transmission and distribution. It is involved in commissioning more than 50% of India’s thermal power generating capacity and establishing nearly 50% of the National Grid in one capacity or other. The Company also possesses specific domain knowledge, enabling it to serve steel, metal and petrochemical sectors, among others.