Sterlite Electric Unlisted Shares
Sterlite Power bags green energy transmission project in Rajasthan
ET Emergyworld.com
2 min read
Sterlite power bag's green energy transmission project in Rajasthan, Phase III (20 GW) through Tariff -based competitive bidding (TBCB) process.
MD’s words
"The development of these critical renewable infrastructure assets is indeed a significant step toward advancing India's renewable energy goals." says Pratik Agarwal
Justification
Sterlite received a Letter of Intent from REC Power Development & Consultancy Ltd to build the project on BOOT (build, own, operate, transfer) basis for 35 years.
Project consists of 3 components -
A 350 km 765kV transmission corridor connecting the renewable energy zone of Fatehgarh III to the substation at Beawar.
Construction of a 3000 MVA 765/400kV Substation at Beawar and construction of two LILO lines, covering approx 120 kms.
Also includes Static Synchronous Compensators (STATCOM) system implementation at Fategarh III substation, making Sterlite the first private transmission infrastructure developer in the country to implement STATCOM.
This order marks Sterlite’s second green energy transmission projects in Rajasthan, after winning Part G, Phase III of the Fatehgarh project.
The project will lead to increased market share for the company & will also deepen its roots in Rajasthan.
The increased market share will lead to increased profitability for the company in terms of revenue & growth in the future.
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