IndiGrid to acquire transmission project worth Rs 460 crore
Power sector Infrastructure Investment Trust (InvIT), IndiGrid, is set to acquire a transmission project in North East India. The firm would acquire NERES XVI Power Transmission Ltd, an interstate transmission project, post commissioning, at an enterprise value of up to Rs 460 from Techno Electric & Engineering Company (TEECL).
The project comprises a substation of 400/220/132 kV with a total transformation capacity of 1,400 MVA, and 45 km of double-circuit transmission line.
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