Maheshwaram Transmission Lines

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The project entails the construction of a 236 km 400KV double circuit transmission line comprising a D/C line from Maheshwaram (PG) to Mehboob Nagar and 2 lines of 400kv line bays at Mehboob Nagar S/S of TSTRANSCO; and a 400 kv D/C line from Nizamabad to Yeddumailaram (Shankarpalli) and another 2 lines of 400kv line bays at Yeddumailaram (Shankarpalli) by Maheshwaram Transmission Pvt Ltd ("Project Company"). The sponsor is Sterlite Grid 3, which is a wholly owned subsidiary of Pune based Sterlite. The project will be developed on a build, own, operate and maintain basis with a contract period of 35 years. Sterlite Grid emerged as the the L-1 (lowest) bidder for the project followed by Power Grid Corporation (L-2) and Kalpataru Power Transmission (KPTL) (L-3) in a competitive tendering process whose results were announced in July, 2015. The bid was called by REC Transmission Projects Company Ltd (RECTPCL), a subsidiary of Rural Electrification Corporation- a Govt of India initiative. There were a total of 6 qualified bidders, of which 3 did not bid in the final round. The total project cost is $58 million. Financing comprises a $47 million 15-year term loan provided by IndusInd Bank and equity contribution of $11 million. Financial close occurred on 18 January 2016. http://www.business-standard.com/article/economy-policy/sterlite-grid-bags-rs-400-cr-maheshwaram-transmission-project-115071000790_1.html http://www.sterlitegrid.com/745/ http://www.livemint.com/Industry/LocNLFzvyN83ZP5M8PhdrI/Sterlite-Grid-emerges-lowest-bidder-for-Maheshwaram-project.html http://www.rectpcl.com/index.php?option=com_content&view=article&id=157&Itemid=247 http://www.sterlitegrid.com/sprojects/maheshwaram-transmission-limited/ http://cea.nic.in/reports/committee/empowered/minutes/35.pdf