Tata Power completes Paradeep Transmission take over

The transaction was completed on 6 November.

Tata Power has signed a share purchase agreement for the full acquisition of special purpose vehicle (SPV) Paradeep Transmission Limited for INR 18.64 crore.

In a disclosure, Tata Power said the transaction was completed on 6 November. It involves the purchase of equity against cash consideration and one time settlement of outstanding debt.

Paradeep Transmission was established in November 2023 to build-own-operate transfer basis to provide transmission service with turnover of INR 256.183 crore.

Its specific duty is to establish a transmission system for Eastern Region Expansion Scheme-XXXIV (Paradeep Transmission Limited) which comprises Angul to Paradeep ~190 km of 765 KV D/C line, Paradeep 765/400 KV GIS substation, Bay Ext. at Angul (765 KV AIS) and at OPTCLParadeep (400 KV GIS). There is also a ~12 km of 400 KV D/C line from OPTCL (Paradeep) 400 KV GIS S/s to Paradeep 765 KV GIS S/s.

The SPV is projected to commence commercial operations 24 months after the date of its acquisition.

Follow the link for more news on

Tata Power

Also Read

Another Renova biomass plant faces delay

ENGIE, STMicroelectronics enter 21-year PPA for new solar farm in Malaysia

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit