Sterlite Brazil Participações S.A., a subsidiary of Sterlite Power Transmission Ltd, has announced the completion of the Vineyards power transmission project in Rio Grande do Sul, Brazil.
In a release, Sterlite Power said that third and last stretch of transmission line has 49km between the substations of Bagé2 and Candiota2, at 230KV. With completion of this final stage, Vineyards project will reinforce the flow of energy in the region, ensuring greater robustness and flexibility to the system.
Project elements
The Vineyards project includes the construction of 114km of transmission lines, implementation of two new 496 MVA substations, and the expansion of four substations in the regions of Garibaldi, Bento Gonçalves, Lajeado, and Bagé. With the project in operation, it will benefit 18 cities in the region.
Ahead of schedule
The project was part of the ten lots that the Indian company won at the auction in 2017. The RAP of the public notice was BRL 84 million. The first energization was in January 2020, 32 months before ANEEL’s deadline; the second was brought forward in 14 months; and the third and final energization happened eight months ahead of schedule.
Green belt recovery
“The third stage of Vineyards was completed eight months before ANEEL’s deadline, confirming Sterlite Power’s commitment and excellence in its work,” said, Amitabh Prasad, CEO of Sterlite Power in Brazil. Together with the environmental agency of Rio Grande do Sul – Henrique Luis Roessler State Environmental Protection Foundation (FEPAM), the company replaced the 21.08 ha related to the environmental suppression of this transmission line. “With the adoption of good environmental practices, we reduced the impact and recovered 100 per cent of the forests in the project area,” he added.
Also Read: Sterlite Power Plans Rs.250 Crore Additional Capex In Brazilian Assets
Debenture issue
In April, Sterlite Power announced an agreement with Vinci Energia in which the investment company invested BRL 149 million in the purchase of debentures convertible into shares of Vineyards. (Note: 1 BRL = 1 Brazilian Real = Rs.14.50 approximately, as of February 15, 2022)
Featured photograph is for representation only
