MSETCL

completed

MSETCL is a power transmission utility 100% owned by the Government of Maharashtra (GoM). The former vertically integrated Maharashtra State Electricity Board (MSEB) was unbundled in 2005 to create three separate companies focusing on transmission, distribution, and generation. MSETCL operates the largest state-level transmission network in India comprising over 36,286 ckt-kms of transmission lines and 498 substations. Its network spans voltage levels from 500 kV to 66 kV. MSETCL’s system availability is 98.9% and transmission loss is 4.67%. Substantial capital investments are required to improve performance of existing infrastructure while increasing capacity to handle the power expected from new generation projects. MSETCL has prepared a 5 year capital expenditure program (“Project”), which focuses on: (a) rehabilitation of its existing network to reach and maintain high network efficiency; and (b) evacuation lines for new generation capacities in the state. IFC is considering a corporate debt to MSETCL to part finance its 5 year capital expenditure program.