MoP approves new ISTS projects worth Rs 158.93 billion

The Ministry of Power (MoP) has approved 23 new ISTS projects with an estimated cost of Rs 158.93 billion. These include 13 projects with an estimated cost of Rs 147.66 billion to be developed under tariff-based competitive bidding (TBCB) and 10 projects with an estimated cost of Rs 11.27 billion to be developed under the regulated tariff mechanism. The new transmission projects will facilitate the evacuation of power from 14 GW of renewable energy projects in Rajasthan, 4.5 GW of renewable energy projects in Gujarat, the 1 GW Neemuch Solar Park in Madhya Pradesh and fee­ding areas near Akhnoor and the Jammu region by establishing the Siot substation in Jammu.