Apraava Energy Bags Two Green Energy Interstate Transmission Projects in Rajasthan

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Apraava Energy, a leading integrated energy solutions provider, has been awarded two interstate transmission projects in Rajasthan under the GoI’s tariff-based competitive bidding process. In line with the Transmission Service Agreement executed by the SPVs, the projects will be developed by Apraava under BOOT (build, own, operate and transfer) model. The projects are part of the scheme developed for the evacuation of 20 GW of power from Renewable Energy Zones (REZs) in Rajasthan under Phase 3. These are Apraava’s first greenfield transmission projects.

Apraava Energy will be responsible for the ownership, financing, development, design, engineering, procurement, construction, commissioning, operation and maintenance of the project, and to provide transmission services for 35 years. At the end of the 35 years, the project will be transferred to the Central Transmission Utility (CTU). The construction timelines for both projects are 18 months.
Apraava Energy’s Managing Director, Rajiv Ranjan Mishra, expressed his satisfaction with the successful bids. He revealed that the firm would bolster capabilities in the transmission business and expedite its growth strategy. The company’s approach involves close collaboration with stakeholders in Rajasthan and the Central Transmission Utility (CTU), facilitating the construction of essential networks in the renewable energy space.

Naveen Munjal, Director, Business Development & Commercial, Apraava Energy, added, “We are geared to put our energy in action and play an active role in building robust transmission networks that will enable transmission of electricity to every corner of the country. These two projects will bring economic opportunities to the region and help create more jobs. We will leverage our years of experience in operating three wind farms namely Bhakrani (102.4 MW), Tejuva (100.8 MW), and Sipla (50.4 MW) in the Jaisalmer Region in successfully setting up these greenfield transmission projects in the state.”

The power company, Apraava Energy, is jointly owned by the CLP Group and a global investment group Caisse de dépôt et placement du Québec (CDPQ). Apraava’s portfolio comprises 3,150 MW of installed capacity which includes 924 MW of wind and 250 MW of solar energy projects across seven states, four power transmission assets and an advanced metering infrastructure project in Assam.

In November 2019, Apraava Energy first entered the power transmission sector by acquiring a 100 per cent stake in Satpura Transco Private Ltd. Satpura Transco owns an intrastate project in the state of Madhya Pradesh. In 2021, the company acquired a 49 per cent shareholding in Kohima Mariani Transmission Ltd. (KMTL), and a further 25 per cent stake in February 2023.