Sterlite Power Acquires Nangalbibra-Bongaigaon ISTS Project from PFC

Sterlite Power Acquires Nangalbibra-Bongaigaon ISTS Project from PFC

New Delhi-based Sterlite Power Transmission Limited has announced the acquisition of Nangalbibra ─ Bongaigaon Transmission Limited, a Special Purpose Vehicle (SPV), from PFC Consulting Limited.

Through this SPV, the company will execute the inter-state transmission system (ISTS) project that it won through tariff-based competitive bidding in October 2021.

The project involves setting up of ~300 ckt km of transmission lines network and greenfield substation with 320 MVA transformation capacity across the North-Eastern terrain of Assam and Meghalaya.

The project includes the following elements:

  • ~250 ckt km of 400kV D/c transmission line connecting Bongaigaon in Assam to a greenfield substation at Nangalbibra in Meghalaya, across the river Brahmaputra.
  • 220/132 kV substation at Nangalbibra in Meghalaya.
  • ~50 ckt km of 132kV D/c line connecting Hatsinghmari in Assam to Ampati in Meghalaya.

The project will transmit over 1000 MW of power from Assam to western parts of Meghalaya. Apart from bringing in additional power flow, the project is also expected to help in the decongesting of the downstream networks in the region. This will improve the quality and reliability of power flow in North-East India, according to the company.

Sterlite Power now has a portfolio of 27 projects across India and Brazil, which includes projects under various stages of development and those that have been sold.

“The company has a track record of executing complex projects successfully. Earlier this year, the company had completed NER-II project spanning across the north-eastern states of Assam, Arunachal Pradesh, and Tripura. The company is increasingly focused on integrating renewable energy sources to the transmission grids,” states Sterlite Power.

The company is the sponsor of IndiGrid, India’s first power sector Infrastructure Investment Trust (“InvIT”), listed on the BSE (formerly Bombay Stock Exchange) and NSE (National Stock Exchange of India Limited). The company was also recognised at The Economic Times Innovation Awards 2020 and has been awarded by International Project Management Association (IPMA).

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