PrKTCL was incorporated on September 2, 2002. PGCIL had incorporated PrKTCL as a special purpose vehicle to maintain the PrKTCL project on BOO basis, i.e. to be maintained on a perpetual basis by the shareholders of the project. Similar to other assets in our portfolio, the transmission license was granted to PrKTCL for a period of 25 years on September 15, 2008. PrKTCL, under CERC (Terms and Conditions of Tariff) Regulations, 2019 is eligible to receive tariff for a period of 35 years from the date of commissioning of the project elements. In January, 2020, we completed the acquisition of 74 % of the equity shares of PrKTCL from Reliance Infrastructure Limited. Pursuant to the PrKTCL Share Purchase Agreement, we have also executed a deed of adherence dated January 8, 2021 for the balance shareholding in PrKTCL.
PrKTCL operates two transmission lines, subdivided into various revenue generating elements, with a total circuit length of has approximately 458 ckms of 400 kV transmission lines and substations, including, Koldam - Ludhiana line, with a length of 301 ckms, LILO of Parbati III HEP to LILO of Parbati Pooling Station line, with a length of 3.5 ckms, Banala to Nalagarh line, with a length of 66 ckms, Banala to Koldam line, with a length of 63 ckms, Parbati II to Banala line, with a length of 14 ckms, and Parbati II to Parbati III line, with a length of 10 ckms, as a part of the transmission system to evacuate power from the Parbati – II, Parbati – III and Koldam hydel power projects.
Details of PrKTCL’s transmission lines and line bays are set forth as follows:
|Transmission Line / Substations||Route Length (ckms)||Specifications||Commission Date||Expiry of TSA Term|
|LILO point of Parbati III HEP to LILO point of Parbati Pooling Station||400 kV S/C, Quad Bundle Line, Section of CKt-II of Parbati-II to Koldam Transmission Scheme||3.5||August 01, 2013||35 years from COD i.e. FY 2049-50**, as per CERC (Terms and Condition of Tariff) Regulations, 2019|
|Banala – Nalagarh||400 kV S/C along with D/C Quad Bundle Line, Part of Ckt-I of Parbati-II – Koldam Transmission Scheme starting from LILO point of Banala Pooling Station to Tower 9C of Ckt-I of Koldam – Nalagarh TL||66||[October 10, 2014]|
|Banala - Koldam||400 kV S/C alongwith D/C Quad Bundle Line, Part of Ckt-II of Parbati-II – Koldam Transmission Scheme starting from LILO point of Banala Pooling Station to Tower 9E of Ckt-I of Koldam – Nalagarh TL||63||[October 04, 2014]|
|Parbati-II – Banala||400 kV S/C alongwith D/C Quad Bundle Line, Part of Ckt-I of Parbati-II – Koldam Transmission Scheme starting from Parbati-II HEP to LILO point of Banala Pooling Station||14||[November 03. 2015*]|
|Parbati-II – Parbati-III||400 kV S/C alongwith D/C Quad Bundle Line, Part of Ckt-I of Parbati-II – Koldam Transmission Scheme starting from Parbati-II HEP to LILO point of Parbati-III HEP (Post commissioning of Sainj HEP of HPPCL this section has been connected at Loc.#2 forming Parbati-II – Sainj and Sainj – Parbati-III Sections)||10||[November 03. 2015*]|
|Koldam – Ludhiana||400 kV D/C, Triple Bundle Line.||301||[Ckt-I: August 07, 2014 Ckt-II: August 14, 2014]|
* The transmission line elements have been claimed as commissioned with effect from June 1, 2015 as per the CERC Tariff Petition.
**As per CERC (Terms and Condition of Tariff) Regulations, 2019, effective COD for the consolidated project has to be used for the purpose of tariff determination. Based on the true up of tariff for block periods FY 2014-19 and approved tariff for FY 2019-24, effective COD is likely to be in FY 2014-15.
The average quarterly availability of PrKTCL since commissioning is set forth in the table below:
*Quarterly data is calculated as an average of three months data, based on the monthly availability certificates.