JKTPL was incorporated on May 19, 2010. JKTPL entered into a TSA on May 28, 2020. Based on the competitive bidding process conducted by HVPNL), PTL and TEECL were awarded the JKPTL project through public private partnership on design, build, finance, operate and transfer basis with viability gap funding. Upon receiving the letter of award from HVPNL by way of the letter dated April 15, 2010, KPTL and TEECL incorporated JKTPL as a limited liability company. HVPNL has granted JKTPL the concession, including the exclusive right and authority to construct, operate and maintain the JKTPL project and to provide transmission services, for a period of 25 years with effect from November 9, 2010, being the appointed date, unless extended by HVPNL. In October, 2020, we completed the acquisition of 100% of the equity shares of JKTPL from KPTL and TEECL.