Sterlite Power Bags Green Energy Transmission Project In Rajasthan

Home

/

Companies

/

News

/  Sterlite Power bags green energy transmission project in Rajasthan

Sterlite Power has been awarded the transmission project for the evacuation of power from renewable energy zones (Getty Images/iStockphoto)Premium
Sterlite Power has been awarded the transmission project for the evacuation of power from renewable energy zones (Getty Images/iStockphoto)

Sterlite Power has received the letter of intent from PFC Consulting to build the project on build, own, operate, transfer basis, for a period of 35 years.

New Delhi: Sterlite Power on Friday said it has been awarded the transmission project for evacuation of power from renewable energy zones in Rajasthan. The company has received the letter of intent (LoI) from PFC Consulting Limited, a wholly owned subsidiary of Power Finance Corporation, to build the project on build, own, operate, transfer basis, for a period of 35 years.

The project was bid out through tariff-based competitive bidding process, a company statement said.

Sterlite Power has been awarded the transmission project for the evacuation of power from renewable energy zones in Fatehgarh (9.1 GW), Bhadla (8 GW) and Ramgarh (2.9 GW) areas in Rajasthan.

The entire transmission system forms a critical part of the roadmap released by Ministry of Power in 2022 for integration of over 500 GW RE Capacity to the national grid by 2030.

The project will involve construction of a 350km, 765kV transmission corridor from Fatehgarh III to Beawar in Rajasthan.

“We are very happy to win another Green Energy Corridor transmission project which is vital to India’s energy transition playbook. This is our eighteenth transmission project in the country, and with our strong capabilities and experience, we are well poised to deliver another world class asset to the nation," Pratik Agarwal, managing director, Sterlite Power said.

This is the second green energy project for the company and its first in the state of Rajasthan. Recently, Sterlite Power commissioned its first green energy project, i.e., Lakadia -Vadodara power transmission project in Gujarat.

Since its commissioning, the 300 Km long project, is playing a vital role in supplying 5,000MW of reliable and green power from renewable energy-rich state of Gujarat to the Indian national grid. It is also one of the largest transmission corridors built in India till date.

Sterlite Power is a leading power transmission infrastructure developer and solutions provider with projects covering approximately 14,602 circuit km of transmission lines across India and Brazil.

Catch all the

Corporate news

and Updates on Live Mint. Download The

Mint News App

to get Daily

Market UpdatesBusiness News

.

More Less

No Network

Server Issue

Internet Not Available

" + planName + ""; /* current plan info ends */ /* next billing html starts */ if (planData.next_billing_at != "" && planData.next_billing_at != "null" && typeof planData.next_billing_at != "undefined") {billingCycleText = "Next Billing Date : "; nextActivationDate = planData.next_billing_at; } else if (planData.expires_at != "" && planData.expires_at != "null" && typeof planData.expires_at != "undefined") {billingCycleText = "Expiry date : "; nextActivationDate = planData.expires_at; } else {billingCycleText = "Expiry date : "; nextActivationDate = planData.current_term_ends_at; } var nextBillingMonth = new Date(nextActivationDate).toDateString().split(" ")[1]; var nextBillingDay = new Date(nextActivationDate).getUTCDate(); var nextBillingYear = new Date(nextActivationDate).getFullYear(); var nextBillingHtml = nextBillingDay ? "" + billingCycleText + nextBillingDay + " " + nextBillingMonth + " " + nextBillingYear + "

RECENT NEWS

The Self-Destructive Nature Of Anti-Tourism Protests: Balancing Resident Concerns With Tourism Benefits

In recent years, anti-tourism protests have become increasingly common across popular tourist destinations. From the Bal... Read more

Military And Strategic Implications Of The Ukrainian Drone Attack In Kursk

On a recent morning, the Kursk region in south-western Russia witnessed an unexpected and significant event: a Ukrainian... Read more

Chinese Tech Stocks Gain Ground Despite Wall Street Technology Sell-Off

Chinese tech shares in Hong Kong gained on Friday, defying a technology stock sell-off on Wall Street, driven by strong ... Read more

Defense Pact Between Britain And Germany: A Focus On Cybersecurity And Joint Operations

In a move set to redefine European defense collaboration, Britain and Germany have signed a comprehensive defense pact a... Read more

US Secret Service Director Steps Down After Trump Assassination Attempt

Security lapses admitted by Kimberly Cheatle prompt resignation.Kimberly Cheatle, the head of the US Secret Service, has... Read more

Kamala Harris Promises A Brighter Future In Official Campaign Launch

In a vibrant and impassioned campaign launch, Vice President Kamala Harris vowed to lead America toward a "brighter futu... Read more