RTCL was incorporated on December 20, 2012. RTCL entered into a TSA on July 24, 2013 and a TSA dated December 22, 2015 entered into by RTCL with PGCIL. The RTCL project was awarded by the Ministry of Power on September 17, 2013 for a 35-year period from the scheduled commercial operation date of the RTCL project, on a BOOM basis. We acquired 74% of RTCL from the Sterlite Sponsor in February 2018. RTCL facilitates the strengthening of the transmission capability between the northern and western sectors of India’s power grid by evacuating electricity from an atomic power plant near Kota in Rajasthan to central Madhya Pradesh. The project was undertaken in conjunction with the Rajasthan Atomic Power Project established by Nuclear Power Corporation of India.
RTCL operates one EHV overhead transmission line of approximately 403 ckms in the states of Rajasthan and Madhya Pradesh, comprised of one 400 kV D/C line from Rajasthan to Madhya Pradesh. The project was fully commissioned in November 11, 2016 at a total cost of ₹2,600 million. The net depreciated value of the asset as of December 31, 2020 is ₹ 2,172.21 million.
Details of RTCL’s transmission line are set forth as follows:
|Transmission line / Sub-Station||Route length (ckms||Specifications||Commission Date||Expiry of term of TSA||Contribution to Total Tariff|
|RAPP—Shujalpur||403||400 kV D/C||March 1, 2016||February 2051||100%|
The average quarterly availability of RTCL since commissioning is set forth in the following table, which is higher than the target availability of 98% under the RTCL TSA.
As of March 31, 2020, the RTCL TSA had a remaining term of approximately 31 years.
*Quarterly data is calculated as an average of three months data, based on the monthly availability certificates.
*Certain data for December 2020 are based on estimates.