Tata Power on Friday said it has received a letter of intent (LoI) from REC Power Development and Consultancy to acquire the Jalpura Khurja Power Transmission project at an estimated cost of Rs 838 crore.
The project special purpose vehicle (SPV) will be developed on a build-own-operate-transfer basis to provide transmission services for 35 years from the scheduled date of commercial operation which is 18 months from the date of SPV acquisition, the company said in an exchange filing on Friday.
