Sterlite Power has been awarded the transmission project for evacuation of power from renewable energy zones in Rajasthan under Phase-III Part G. The project was bid out through tariff-based competitive bidding (TBCB) process. Sterlite Power received the Letter of Intent (LoI) from PFC Consulting Limited (a wholly owned subsidiary of Power Finance Corporation), to build the project on BOOT (build, own, operate, transfer) basis, for a period of 35 years.
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. It will enable evacuation of a part of 20 GW of renewable power from Renewable Energy Zones in Fatehgarh (9.1 GW), Bhadla (8 GW) and Ramgarh (2.9 GW) areas of the state.
Commenting on the bid win, Pratik Agarwal, Managing Director, Sterlite Power said, “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.”
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.
About Sterlite Power: Sterlite Power is a leading private sector power transmission infrastructure developer and solutions provider with a robust portfolio of 30 completed, sold and under construction projects covering approximately 14,602 circuit Kms of transmission lines across India and Brazil. The Company has a portfolio of high-performance power conductors, extra-high voltage (EHV) cables and optical ground wires (OPGW). The Company provides bespoke solutions for the upgrade, uprate, and fiberization of existing transmission infrastructure projects. Advancing the carriage toward a green energy-efficient future, Sterlite Power has an increasing focus on integrating renewable energy into the grid. It is the sponsor of India’s first power sector InvIT, listed on the BSE Limited and the National Stock Exchange of India Limited. The Company was also recognized at The Economic Times Innovation Awards 2020 and is a recipient of global awards from S&P Platts and International Project Management Association (IPMA).
