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  3. Sterlite Power bags green energy transmission project in Rajasthan

Sterlite Power bags green energy transmission project in Rajasthan

28 Aug 2023

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Key Takeaways

  • 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.

  • 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.

Sterlite Electric Unlisted Shares

Sterlite Electric

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Expert Analysis

 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.

Publisher:ET Emergyworld.com