Apraava Energy announced today that it has secured a new greenfield interstate transmission project in Madhya Pradesh through the Government of India’s tariff-based competitive bidding (TBCB) process. The project involves setting up of 40 km of 765 kV double-circuit transmission lines and a 3,000 MVA substation. This is Apraava’s third transmission project win within the last 12 months.
As part of the transmission service agreement, the project will be developed by Apraava under BOOT (build, own, operate and transfer) model. The project is set for completion within 24 months from the date of special purpose vehicle (SPV) transfer.Apraava Energy will be responsible for the ownership, financing, development, design, engineering, procurement, construction, commissioning, operation, and maintenance of the project, and provide transmission services for a period of 35 years post commercial operation date.In 2023, Apraava Energy secured two greenfield interstate transmission projects in Rajasthan, involving 250 km of 400 kV double circuit transmission lines and a pooling substation of 2500 MVA to be built as part of the Rajasthan REZ, phase-III, Transmission scheme that will enable evacuation of 20 GW of renewable energy in the state of Rajasthan.Apraava Energy is jointly owned by the CLP Group, one of the largest investor-owned power businesses in Asia, and Caisse de dépôt et placement du Québec (CDPQ), a global investment group.Founded in 2002, Apraava has a portfolio comprising 3,287 MW of installed capacity which includes 1062 MW of wind and 250 MW of solar energy projects, a 1320 MW coal-fired super critical power plant and two power transmission assets, spread across eleven states. In addition, two greenfield transmission projects (252 km), two wind projects (413.4 MW) and one solar project (250 MW) are under construction. The company has also forayed into advanced metering infrastructure (AMI) business and is executing orders of three million smart meters in Assam and Gujarat.
