PGCIL, on 24 February 2010, signed long-term transmission pacts with 37 private developers, entailing a gross generation capacity of over 42,000 MW. These pacts will help PGCIL in the implementation of the proposed high-capacity transmission corridors for evacuating power from a host of private projects coming up in the eastern and southern states.

In all, 41 private project developers were invited for the signing of the pact and submission of back guarantees to PGCIL. Of these, 37 have signed the long-term transmission agreements and 22 have furnished bank guarantees amounting to a total sum of Rs 835 crore. The remaining project developers are expected to submit the requisite bank guarantees by 31 March 2010.

The projects, including the 1,000-MW OP Jindal super thermal project and the 600-MW Lanco Amarkantak project in Chhattisgarh, the 1,200-MW Coastal Energen project in Tamil Nadu, the 300-MW Simhapuri and 900-MW Meenakshi Energy projects in Andhra Pradesh and the Lanco-promoted Teesta-VI hydro project in Sikkim, are scheduled to come up over the next four years.

Also See:

Areva T&D wins two contracts from PGCIL (8-February-10)