The transmission project for the evacuation of 8GW of renewable energy is won by Sterlite Power.
EW
India
01-12-2023
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According to Sterlite Power, it has secured a transmission project that will help Rajasthan, Haryana, and Uttar Pradesh evacuate 8 GW of renewable energy.
Delhi, New: On Thursday, Sterlite Power announced that it had won a transmission project that will help Rajasthan, Haryana, and Uttar Pradesh evacuate 8 GW of renewable energy. According to a company statement, the company has obtained the order for the Rajasthan REZ Ph-IV (Part-1-Bikaner Complex): Part-B Transmission project.
"Today, transmission is the key to India's successful energy transition. Pratik Agarwal, Managing Director of Sterlite Power, stated, "We are pleased to have secured this important project, which will enable approximately 8000 MW of renewable energy to travel from RE (renewable energy) rich Bikaner to load centres in Rajasthan, Haryana, and Uttar Pradesh.
Sterlite Power has successfully secured its third Green Energy Corridor (GEC) project in Rajasthan with this order win.
For a duration of 35 years, Sterlite Power will construct this project under the BOOT (Build, Own, Operate, Transfer) model. The tariff-based competitive bidding (TBCB) process was used to solicit bids for the project.
With 32 projects completed, sold, or in the process of being built, Sterlite Power is a private sector developer and solutions provider for power transmission infrastructure. Its portfolio includes roughly 15,350 circuit km of transmission lines spread across Brazil and India.