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Tata Power to acquire Jejuri Hinjewadi Power Transmission Ltd project
Tata Power has received a Letter of Intent from REC Power Development and Consultancy Limited to acquire Jejuri Hinjewadi Power Transmission Limited. This project involves constructing approximately 115 km of 400 kV double-circuit line between Jejuri and Hinjewadi. The project will operate on a Build-Own-Operate Transfer basis for 35 years. The annual transmission charges are expected to be ₹155.78 crore.
Key Highlights
Acquisition of Jejuri Hinjewadi Power Transmission Limited SPV
Construction of approximately 115 km of 400 kV double-circuit line
Project tenure of 35 years
Annual Transmission Charges of ₹155.78 crore
SCOD within 24 months from SPV transfer
💼 Action for Investors
This acquisition strengthens Tata Power's transmission portfolio. Investors should monitor the project's progress and its impact on the company's revenue and profitability.
Tata Power commissions 400 kV transmission line, adds 1,000 MW hydropower
Tata Power has commissioned a 400 kV Koteshwar–Rishikesh transmission line, enhancing North India’s grid with 1,000 MW of clean hydropower. This project, executed under NRSS XXXVI Transmission Limited, will benefit 6 Northern States and 3 Union Territories. The company now has 7,083 cKm of transmission lines operational or under execution across India. This expansion reinforces Tata Power's role in strengthening the nation’s electricity transmission backbone and its commitment to clean energy.
Key Highlights
Commissioned 400 kV Koteshwar–Rishikesh transmission line.
Adds 1,000 MW of hydropower to North India’s grid.
Project executed under NRSS XXXVI Transmission Limited.
Benefits 6 Northern States and 3 Union Territories.
Tata Power has 7,083 cKm of transmission lines operational / under execution.
💼 Action for Investors
Investors should note Tata Power's continued expansion in renewable energy transmission, aligning with its long-term growth strategy. Monitor the impact of this project on the company's revenue and profitability in the coming quarters.
Tata Power: CERC Refers 5 Major Discom Disputes to Arbitral Tribunal
Tata Power has received orders from the Central Electricity Regulatory Commission (CERC) regarding five separate petitions involving state electricity distribution companies from Maharashtra, Punjab, Gujarat, Haryana, and Rajasthan. The CERC ruled that these disputes do not pertain to tariff regulation and are therefore outside its adjudicatory jurisdiction. Consequently, the commission has directed that all five cases be referred to a three-member arbitral tribunal for further adjudication. This procedural shift moves the resolution of these material litigations from a regulatory body to an arbitration process, potentially extending the resolution timeline.
Key Highlights
CERC passed orders on 5 petitions involving MSEDCL, PSPCL, GUVNL, HPPC, and Rajasthan Discoms.
The commission ruled that the disputes fall outside its jurisdiction as they do not relate to tariff regulation.
All five disputes are now directed to be referred to a three-member arbitral tribunal for adjudication.
The specific petitions involved include No. 246/MP/2022, 85/MP/2022, 107/MP/2023, 123/MP/2022, and 205/MP/2023.
This update follows a previous disclosure made by the company on August 18, 2023.
💼 Action for Investors
Investors should monitor the progress of the arbitration proceedings as they involve major state utilities and could impact long-term receivables. The shift to arbitration provides a structured resolution path but may delay final settlements.