CleanTech/ Renewable Energy, Finance, Other

India’s first viability-gap funded transmission project inaugurated

According to reports, India’s first viability-gap funded, 99-km power transmission line project, in Haryana, was inaugurated on Monday. The 400 KV double circuit Jharli-Kabulpur-Rohtak line was built by a joint venture of Kalpataru Power Transmission and Techno Electric and Engineering Company.

The Rs 444-crore public-private-partnership project with the Haryana Government has received Rs 92 crore of viability gap funding from Government of India. The joint venture partners brought in Rs 76 crore of equity (51 per cent with Kalpataru) and raised debt of Rs 276 crore.

“The project will ensure a sustainable income flow of Rs 4.5 crore to the company as a unitary charge payable per month,” says a press release from Techno Electric.

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