Centre approves Rs 3.84 billion transmission project for Pakaldul HEP

The Union Government has approved the Transmission System for Evacuation of Power from Pakaldul Hydroelectric Project (HEP) in the Chenab Valley.

The project will be developed by Kishtwar Transmission Limited, a special purpose vehicle (SPV) owned by Sterlite Grid 24 Limited. It will be implemented under the tariff based competitive bidding (TBCB) route on a build, own, operate and maintain (BOOM) basis in Jammu & Kashmir.

PFC Consulting Limited (PFCCL) served as the bid process coordinator (BPC) for the selection of the transmission service provider (TSP), as appointed by the Ministry of Power.

The transmission lines will pass through the following villages: Kowar, Tamruche, Dul (Dool), Dasi, Kwartanji, Banzwar, Kaildan, Hullar, Berwar, Puhi, Puhiper, Lachkhazana, Lachdayaram, Puchal, Matta, Semna, Kishtwar, Shalamar, Gach Kundan, Lachil, and Trigam.

The project is estimated to cost Rs 3.84 billion. The expected tariff impact over the next five years is Rs 650 million per year, based on an initial tariff rate of 17%. The levelised tariff is projected to be around 14%.