Sterlite Power, a power transmission developer and solutions provider in India and Brazil, has announced the acquisition of Kishtwar Transmission Ltd, a special purpose vehicle from Power Finance Corp. (PFC) arm PFC Consulting.
The project was awarded to Sterlite Power through tariff-based competitive bidding in March 2022. Through Kishtwar Transmission Ltd, the company will build, own, operate, and maintain a critical transmission project in Jammu & Kashmir (J&K) for a period of 35 years.
The project will comprise a 400/132kV GIS substation at Kishtwar and a 400 kV Kishenpur-Dulhasti LILO (Line in Line out) transmission line. The transmission system will be used for the evacuation of 1 GW of power from the Pakaldul Hydro Electric Project to the Kishtwar substation.
This will be Sterlite Power’s 17th power transmission project in India under the tariff-based competitive bidding mode.
Sterlite Power has a portfolio of 30 projects covering around 14,602 circuit km of transmission lines across India and Brazil.
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