Sterlite Power has successfully acquired Goa-Tamnar Transmission Project Ltd, under the tariff-based competitive bidding route.
The project will deliver an incremental 400kV feed to Goa and scale up the transmission network for power evacuation from generation projects pooled at Raigarh (Chattisgarh).With fifteen power transmission projects including three in Brazil, Sterlite Poweris poised to significantly increase its current market share of 30 per cent of the PPP market.
The Raigarh pool in Chhattisgarh had been facing high-fault levels and this project aims at creating an alternative path of evacuation. The project will help address the quality of power transfer from generating stations connected to the Raigarh pool, a release from Sterlite Power said.
Commenting on winning the project, the Group CEO of Sterlite Power, Pratik Agarwal said, “We are excited to win this prestigious project, which increases our footprint of inter-state transmission projects to 21 states. We are committed to delivering this project ahead-of-schedule and improve the quality of power supply across the two states.’
Sterlite Power is a leading global developer of power transmission infrastructure with projects of over 10,000 ckm and 15,000 MVA in India and Brazil. Sterlite Power is also the sponsor of IndiGrid, India’s first power sector Infrastructure Investment Trust (“InvIT”), listed on the BSE and NSE.
