Adding another feather in its cap, Sterlite Power has secured the Lakadia – Vadodara transmission project Ltd (LVTPL) under tariff-based competitive bidding process in Gujarat.
The global power transmission assets developer said that it has acquired this inter-state green energy corridor (GEC) transmission project from PFC Consulting Ltd.
The company will further execute this project (WRSS 21 – Part B) under Build, Own, Operate and Maintain (BOOM) model for a period of thirty five years.
The transmission major also added that this project will connect the wind energy zones of Bhuj in the state of Gujarat to the load centres in both Maharashtra and Gujarat states.
Commenting on the project win, Pratik Agarwal, who is the Managing Director of Sterlite Power said that “this is another resounding success for Sterlite Power. We are proud to be part of this energy-transition journey of the country and are fully geared to contribute to it with this and more such projects.”
Through this project win, the company has expanded its footprints into the domestic market in handling the inter-state transmission projects to twenty two states having cumulative transmission line network of over 9,000 ckms and 16,000 MVA transformation capacity.
The addition of this project has further increased Sterlite Power’s domestic project portfolio to fourteen.
Under the project, the company will be laying of 350 kms of 765 kV double-circuit transmission line connecting 765/400 kV Lakadia substation to Vadodara substation in the state of Gujarat.
Additionally, the project has an aggressive timeframe of 18 months for completion.
Meanwhile, Sterlite Power has its strong presence in Brazil with a portfolio of ten transmission projects. It had also, last month, sold its Brazilian transmission project called Arcoverde to V2i Transmissão de Energia S.A. for about USD 35.5 million.