Description
Talwandi Sabo Power Limited (TSPL) was incorporated as an SPV by Punjab State Electricity Board (PSEB) with the purpose of constructing a 1980 (3x660) MW thermal power plant at Village Banawala, Mansa-Talwandi Sabo Road, District Mansa, Punjab, India. Sterlite Energy Limited (a Vedanta group company) was selected as the developer of the project based on the Tariff Based Competitive Bidding Process (Case-2) on BOO basis for supply of 100% power to Punjab State Electricity Board (PSEB) for 25 years as per the guidelines of Government of India. Power Purchase Agreement and other related agreements were signed between TSPL and PSEB on September 1, 2008, and the ownership of Talwandi Sabo Power Limited was transferred to Sterlite Energy Limited (Now Vedanta Limited) on that date.