Tender for Legal Consultant for Monetization of Select Transm...

Purchaser's Detail

Tender's Details

Tamil Nadu Transmission CorporationLimited (TANTRANSCO), the state-owned transmission utility of Tamil Nadu, intends to monetize its existing transmission assets to recycle capital andattract private sector participation. IFC will support TANTRANSCO in designinga bankable PPP framework for monetizing selected transmission assets under theAcquire, Operate, Maintain, and Transfer (AOMT) model as per the Ministry ofPower, Government of India-s 2022 guidelines on transmission assetmonetization, with necessary deviations to address implementation challenges, broaden bidder participation, and optimize pricing outcomes. The assets identified for monetization underthis Project include: i. 765 kVAriyalur Substation (SS) ii. 765 kVtransmission line from Ariyalur to Thiruvalam SS, spanning 173.56 kilometers iii. 400 kVtransmission line from Ariyalur to Pugalur SS, covering 3.58 kilometers iv. 400 kVtransmission line from Ariyalur to Kalivanthapattu SS, covering 3.64 kilometers In this context, IFCis seeking the services of a specializedteam of Legal Consultant that will assist IFC with legal structuring and duediligence. The scope will include review of the national and stateregulatory and contractual framework for monetization of transmission assetsincluding AOMT model, taxation laws and policies to cover capitalgains taxes, asset transfer related taxation; recommend enhancements to theAOMT guidelines to improve bankability; advise on SPV incorporation, draftingpetitions (including asset-specific tariff adoption by TNERC), and applicationsfor relevant approvals; review requirements for transferring the SPV to thewinning bidder under the AOMT model; review existing agreements related to thetransmission assets; evaluate PPP options from a legal perspective, outliningroles and responsibilities of different parties; prepare bid documents; assistin design of the bid evaluation criteria as well as the process for bidevaluation.
90 - CONTRACT CONSULTANTS