Sterlite Power has secured Khavda Phase-IV (7GW): Part C project to develop the transmission system for evacuating power from the potential renewable energy zone in the Khavda region of Gujarat.
This order win marks Sterlite Power’s second venture into green energy transmission projects in the state of Gujarat and is the company’s fifth green energy evacuation project overall, a release from Sterlite Power said.
The 30 GW capacity hybrid (solar and wind) renewable energy park at Khavda, located along the Indo-Pak border, was inaugurated by the Hon’ble Prime Minister of India in December 2020.
The Phase-IV transmission scheme aims to evacuate an additional 7 GW of renewable energy from this park with a scheduled COD of 24 months from SPV acquisition.
Sterlite Power announced the acquisition of Khavda IV C Power Transmission Ltd, a special purpose vehicle (SPV) from REC Power Development & Consultancy Ltd, a wholly-owned subsidiary of REC Ltd. This project is a significant milestone in advancing India’s renewable energy infrastructure and aligns with the government’s vision of installing 500 GW of renewable energy capacity by 2030.
Project components
The Phase IV, Part C project includes the construction of various major integral components:
Commenting on this significant development, Pratik Agarwal, Managing Director, Sterlite Power said, “This project is a vital part of our commitment to reducing the carbon footprint and enhancing the green energy transmission infrastructure in India. Our endeavor is to consistently innovate and build solutions that bolster the country’s green energy ambitions.”
This project will evacuate green power from Gujarat, providing a critical link for power disbursal from the Khavda area to South Olpad, Boisar, and further to the Pune area. The development of this infrastructure will strengthen the energy infrastructure within Maharashtra and meet the energy needs of the state, particularly benefiting the load centers in the Mumbai Metropolitan Region (MMR) and Pune.
REC Power Development and Consultancy Ltd. coordinated the bid process for this project, with major players like Sterlite Power, PGCIL, and Adani Transmission participating in the bid, the release said.
Also read: Sterlite Power records Rs.1,500-crore new orders in Q1FY25
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