Techno Electric partners with IndiGrid for developing greenfield transmission projects – EQ
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In Short : Techno Electric has partnered with IndiGrid to develop greenfield transmission projects aimed at supporting India’s renewable energy initiatives. This collaboration focuses on creating the infrastructure necessary to efficiently transmit renewable energy across the country, aligning with the nation’s goals for sustainable energy development and reducing dependence on fossil fuels.
In Detail : Techno Electric & Engineering Company today announced that it has partnered with Indigrid to collaboratively undertake development of two of the IndiGrid’s greenfield Interstate Transmission System (ISTS) projects and signed the Securities Subscription Cum Shareholders Agreement (SSSHA).
Under this partnership, Techno Electric will co-develop and invest in IndiGrid’s two ISTS projects i.e.Ishanagar Power Transmission (IPTL) and Dhule Power Transmission (DPTL).
Techno will invest minority capital and will also be responsible for the complete execution of the projects on a Lump Sum Turnkey (LSTK) basis.
