21 August, 2011

Reliance Power Transmission’s arms, North Karanpura Transmission Company and Talcher-II Transmission Company, have moved the apex power regulator seeking cumulative “relief” of over Rs 700 crore for going ahead with the execution of two key transmission projects.

Reliance Power Transmission, a wholly-owned subsidiary of Reliance Infrastructure, has also sought the shifting of the zero dates and an extension of the overall commissioning schedule for these two transmission projects. The company had bagged these two projects through the competitive bidding route last year.

In June this year, the Reliance Power Transmission arms had served notices to the beneficiaries of these two projects citing “unforeseen delays” in clearances as among the key reasons for serving the notices. The company had bagged the two transmission projects in 2010 under a tariff-based competitive bidding process, having quoted the lowest levelised tariffs for implementing the links on a Build, Own, Operate and Maintain (BOOM) basis. The transmission licence was to be valid for a period of 25 years.