Sterlite Power has announced the winning of a major transmission scheme in Rajasthan, aimed at renewable energy evacuation, under the tariff-based competitive bidding (TBCB) route.
In a release, Sterlite Power said that it has been awarded the transmission project for the evacuation of power from Renewable energy zones in Rajasthan under Phase-III Part G. The project was bid out through the TBCB process.
Sterlite Power received the Letter of Intent (LoI) from bid process coordinator PFC Consulting Ltd (PFCCL, a wholly owned subsidiary of Power Finance Corporation), to build the project on BOOT (build, own, operate, transfer) basis, for a period of 35 years.
The project will involve construction of a 350 km, 765kV transmission corridor from Fatehgarh III to Beawar in Rajasthan. It will enable the evacuation of a part of 20 GW of renewable power from Renewable Energy Zones in Fatehgarh (9.1 GW), Bhadla (8 GW), and Ramgarh (2.9 GW) areas of Rajasthan. The entire transmission system forms a critical part of the roadmap released by Ministry of Power in 2022 for integration of over 500 GW RE Capacity to the national grid by 2030.
Also read:Sterlite Power Commissions Its Largest Greenfield Project
According to information available with T&D India, the project will be housed under the special purpose vehicle “Fategarh III Beawar Transmission Ltd” that was incorporated as a wholly-owned subsidiary of PFCCL and will eventually be transferred to Sterlite Power.
Project No.18
Commenting on the bid win, Pratik Agarwal, Managing Director, Sterlite Power said, “We are very happy to win another Green Energy Corridor transmission project which is vital to India’s energy transition playbook. This is our eighteenth transmission project in the country, and with our strong capabilities and experience, we are well poised to deliver another world class asset to the nation.”
Second green energy scheme
This is the second green energy project for the company and its first in Rajasthan. Recently, Sterlite Power commissioned its first green energy project — Lakadia-Vadodara power transmission project in Gujarat. Since its commissioning, the 300-km long project, is playing a vital role in supplying 5,000 mw of reliable and green power from renewable energy-rich state of Gujarat to the Indian national grid. It is also one of the largest transmission corridors built in India till date.
Featured photograph is for representation only
