Sterlite Power, a private-sector power transmission company in India and Brazil, has been awarded a transmission project for the evacuation of power from renewable energy zones in Rajasthan. It won the project through the tariff-based competitive bidding process and received the Letter of Intent from PFC Consulting (a wholly owned subsidiary of Power Finance Corporation).
The company’s scope includes building the project on a build-own-operate-transfer basis for a period of 35 years.
The entire transmission system forms a critical part of the roadmap released by the Ministry of Power in 2022 for the integration of over 500 GW RE Capacity into the national grid by 2030. The project will involve the construction of a 350 km, 765 kV transmission corridor from Fatehgarh III to Beawar in Rajasthan. It will enable the 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.
This is the second green energy project for the company and its first in the state of Rajasthan.
Sterlite Power commissioned its first green energy project (The 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 the renewable energy-rich state of Gujarat to the Indian national grid. It is also one of the largest transmission corridors built in India to date,” stated Sterlite Power.
Sterlite Power has a robust portfolio of 30 completed, sold, and under-construction projects covering around 14,602 circuit km of transmission lines across India and Brazil.
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