Kalpataru Power Transmission to win $431m contract for HVDC line
Kalpataru Power Transmission Limited (KPTL) is set to bag a contract worth INR 3,276 crores ($431 million) in the international market for an HVDC power transmission line.
The Indian EPC company said that it has received a letter of intent (LoI) for the 700km long power transmission and distribution project.
Kalpataru Power Transmission Limited will be responsible for the design, engineering, supply, and construction of the HVDC power transmission line.
The LoI is contingent on the meeting of certain conditions and the power transmission and distribution project will begin immediately with design and engineering activities in phase 1.
Kalpataru Power Transmission to win $431m contract for 700km long HVDC power transmission line. Photo courtesy of Sabine Zierer from Pixabay.
Manish Mohnot — Managing Director and CEO of Kalpataru Power Transmission said: “We feel privileged to announce the receipt of the above mentioned LoI.
“This landmark achievement has been on several counts – intensive efforts that we have been putting in over last several years on large size projects for long-term value creation, developing strong client relationships and penetrate deeper into the focused markets on back of our strong technical and execution capabilities.
“This is also a hugely rewarding experience as we were working along with the same clients for past few years and is a testament for our quality solutions and expertise in power T&D business.”