The project is set to commence commercial operations within 24 months of acquisition. The financial details have not been disclosed.
Paradeep Transmission Ltd is a project-specific special purpose vehicle (SPV) that Tata Power intends to acquire in Odisha. The SPV will focus on developing an interstate transmission system (ISTS) scheme in Odisha. It is a wholly-owned subsidiary of PFC Consulting, which itself is a subsidiary of Power Finance Corporation.
The acquisition of Paradeep Transmission Ltd by Tata Power holds several key implications. The project involves constructing a 765 kV double circuit transmission line spanning 190 km. This expansion enhances the power transmission network in Odisha, improving reliability and efficiency.
By acquiring a special-purpose vehicle (SPV) focused on transmission infrastructure, Tata Power strengthens its position in the energy sector. It gains access to critical assets and operational expertise.
The Inter State Transmission System (ISTS) in India has been planned to facilitate smooth transfer of power across state and regional boundaries throughout the country. It establishes a robust National Grid, leading to “One Nation - One Grid - One Frequency.” This system enables power transfer from resource-rich areas to major load centers with reliability and security.
Now, specifically regarding the Eastern Region Expansion Scheme – XXXIV (ERES-XXXIV) in Odisha, it aims to transmit renewable energy (RE) from outside Odisha to Paradeep, an important industrial center in the state. This RE power will support the production of green hydrogen and green ammonia within Odisha.
The transmission scheme, ERES-XXXIV, will also cater to the anticipated large demand from industrial consumers in the Paradeep region. Initially, an estimated 1,400 – 1,500 MW of electricity demand is likely from industrial consumers, with subsequent growth to 5,500 – 6,000 MW.
A new 765/400 kV GIS substation will be established at Paradeep, with an initial transformation capacity of 2×1,500 MVA.
This substation will connect to PGCIL’s Angul substation via a 765 kV line spanning 190 km. This substation will connect to PGCIL’s Angul substation via a 765 kV line spanning 190 km
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