Sterlite Power, a prominent Indian power transmission company, has announced the successful financial closure of its Neemrana II Kotputli Transmission Limited (NKTL) project, securing a substantial funding of INR 1373 crore from Power Finance Corporation (PFC), a Maharatna Public Sector Enterprise. This achievement marks a significant milestone in the development of a key green energy […]
Sterlite Power, a leading power transmission developer in the private sector, has achieved a significant milestone by securing the order for the Rajasthan REZ Ph-IV (Part-1-Bikaner Complex): Part-B Transmission project. This marks the company’s third Green Energy Corridor (GEC) project in Rajasthan, affirming its position as a key player in India’s renewable energy sector. Development […]
Sterlite Power, a prominent player in power transmission infrastructure, has won the Rajasthan Phase-III (20GW), Part F Transmission project. The order win marks Sterlite Power’s second venture into green energy transmission projects in the state of Rajasthan. Awarded through a tariff-based competitive bidding (TBCB) process, Sterlite Power received the Letter of Intent (LoI) from REC […]
Indian power transmission developer Sterlite Power has acquired Kishtwar Transmission, a special purpose vehicle (SPV) from PFC Consulting, which is a fully-owned subsidiary of Power Finance Corporation Limited (PFC). The Kishtwar Transmission project was awarded to Sterlite Power via tariff based competitive bidding (TBCB) process held in March 2022. Sterlite Power, through the Kishtwar Transmission […]
Sterlite Power said that it has been issued a letter of intent (LoI) from Power Finance Corporation Consulting Limited (PFCCL) for a transmission project in the Jammu and Kashmir (J&K) region meant for evacuating 1GW power from the Pakaldul Hydro Electric Project to the Kishtwar substation. The Indian power transmission developer and solutions provider will […]
IndiGrid Investment Managers Limited said that a consortium of IndiGrid 1 Limited and IndiGrid 2 Limited has prevailed as L1 bidder for a 1GW electric transmission project in Maharashtra under Transmission both under Tariff based competitive bidding (TBCB). IndiGrid 1 and IndiGrid 2 are fully-owned subsidiaries of IndiGrid Trust, which is a power sector infrastructure […]
India Grid Trust (IndiGrid) has agreed to acquire the NER-II transmission project from Sterlite Power for about INR 46.25 billion ($630 million) in cash. The NER-II power transmission project spans the states of Tripura, Assam, and Arunachal Pradesh. The project provides interconnection between Assam and Arunachal Pradesh and gives an additional source of power to […]
India Grid Trust (IndiGrid), an Indian infrastructure investment trust, is set to acquire five electricity transmission assets in India, worth INR11,500 crores ($1.66 billion) from Sterlite Power. Of the five transmission assets, two of them – NRSS XXIX and OGPTL are operational for which a share purchase agreement has been signed by the parties. The […]
Indian power transmission company Sterlite Power has secured financing for its 139km long Arcoverde transmission project in Brazil.