Kalptaru commences ops @ Element-2 of Alipurdaur Transmission

MUMBAI | AHMEDABAD | RAJKOT – In a press release submitted to the Exchanges in India on Tuesday, Kalptaru Power Transmission Ltd said of having kicked-off Element-2, Kishanganj-Darbhanga line, through its subsidiary Alipurdaur Transmission Ltd.

The company has successfully completed and commenced commercial operations of Element-2 and with this completion ATL will be entitled for nearly 65% levelized tariff per annum, the release read.

ATL was set-up as part of inter-state transmission system for strengthening and transfer of power from new hydroelectric power projects in Bhutan to India.

The project involved design, financing, construction, commissioning, operation and maintenance of 325 kilometers of 400 KV transmission lines.

Commenting on the occasion, Pawan Kant, President (Long Term Assets & PPP), KPTL said,

“It is a matter of great pride to compelete the Kishanganj-Darbhanga line. With the completion of this line, KPTL has established itself as a marquee player in the asset owned power transmission business. This is yet another testament of the company successfully delivering projects in the interest of national building. The project when fully completed will have around Rs.130 Crore (1.3 Billion) of levelised tarriff per annum.”

The project comprises of two elements, namely Alipurdaur-Siliguri Line (Element-1) and Kishanganj-Darbhanga Line (Element-2).

The Element-1 Alipurdaur-Siliguri line has achieved significant progress and nearing completion.

ATL has won this BOOM (built-own-operate-maintain) in a competitive bid conducted process by REC Transmission Projects Co Ltd, for period of 35 years.

Investors & Traders instantly reacted positively to the announcement, as soon as it hit the exchanges in India, as it got reflected into the share price of the company which spiked instantly and continued trading in green zone, finally ending on positive counters.