Sterlite Power has won an interstate transmission system (ISTS) scheme in Rajasthan, under the tariff-based competitive bidding route. This is the second such win for Sterlite Power in recent months.
The project officially termed as “Transmission system for evacuation of power from REZ in Rajasthan (20 GW) under Phase III, Part F” was bid out under the tariff-based competitive bidding (TBCB) process.
Sterlite Power has received the letter of intent from bid process coordinator REC Power Development & Consultancy Ltd to build the project on BOOT (build, own, operate, transfer) basis, for a period of 35 years.
The project involves three major components:
- A 350 km 765kV transmission corridor connecting the renewable energy zone of Fatehgarh III to the substation at Beawar
- A 3,000 MVA 765/400kV substation at Beawar
- Two LILO lines, covering approximately 120 km
The project also includes static synchronous compensators (STATCOM) system implementation at Fatehgarh III substation. Sterlite Power will be the first private transmission infrastructure developer in the country to implement a STATCOM, under a project won in TBCB mode, Sterlite Power said.
Advancing India’s RE goals
Expressing his views on the new order win, Pratik Agarwal, Managing Director, Sterlite Power, said, “We are very happy to win our second green energy corridor project in Rajasthan. The development of these critical renewable infrastructure assets is indeed a significant step toward advancing India’s renewable energy goals. We are ready to deliver world class assets and help the country march towards a greener future.”
Second project in Rajasthan
In March 2023, Sterlite Power won Phase III, Part G of the project, housed under project SPV “Fatehgarh III Beawar Transmission Ltd.” Together with Part F, it will entail construction of a 700 km transmission corridor that will enable evacuation of a significant portion of 20 GW of green power from renewable-rich energy zones in Fatehgarh (9.1 GW), Bhadla (8 GW), and Ramgarh (2.9 GW). This visionary corridor, once completed, will be amongst the largest Green Energy Corridors to be built in the country, Sterlite Power said.
Also read: Sterlite Power Acquires Project SPV For TBCB Project In Rajasthan
Project SPV
According to information available with T&D India, but not part of the Sterlite Power release, the project SPV that will house the project won by Sterlite Power is “Beawar Transmission Ltd” and the project is scheduled for completion in 18 months. It is further learnt that other contenders in fray included Power Grid Corporation of India Ltd, Adani Energy Solutions Ltd (formerly Adani Transmission Ltd) and Megha Engineering & Infrastructures Ltd.
Featured photograph (source: Sterlite Power) relates to the company’s Lakadia-Vadodara transmission project and has been used for representation only.
