Sterlite Power Bags Green Energy Transmission Project in Rajasthan

Sterlite Power Acquires Beawar Transmission Limited Project from REC

Private sector power transmission infrastructure developer and solutions provider across India and Brazil, Sterlite Power,  has bagged a transmission project for evacuation of power from Renewable Energy Zones in Rajasthan. These are under Phase-III Part G.

Sterlite Power won the project through the bidding process via tariff-based competitive bidding (TBCB). The firm received the Letter of Intent (LoI) from PFC Consulting Limited, which is a wholly-owned subsidiary of Power Finance Corporation). The project is to be built on BOOT (build, own, operate, transfer) basis, for a period of 35 years.

The project will entail constructing a 350km, 765kV transmission corridor from Fatehgarh III to Beawar in Rajasthan. It will allow 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.

According to the roadmap shared by Ministry of Power in 2022 for the integration of more than 500 GW renewable energy capacity to the national grid by 2030, the complete transmission system is a critical part.

Speaking about winning the bid, 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.”

Sterlite Power has won its second green energy project and its first in the state of Rajasthan.

Recently, Sterlite Power commissioned its first green energy project, that is, 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.

Sterlite Power boasts of a portfolio of 30 completed, sold and under construction projects covering approximately 14,602 circuit kilometers of transmission lines across India and Brazil.

Last year, the firm revealed that it will invest Rs 50,000 crore in renewable energy in the state of Karnataka. The firm also shared that it is planning to augment the renewable capacity by tenfold and invest close to Rs 50,000 crore into renewable generation.

Mining conglomerate Vedanta Group owns Sterlite Power. The group is presently building more than 1,000 MW of wind and solar hybrid projects in Karnataka to supply the green energy to the smelters based in the distant states of Rajasthan, Chhattisgarh and Odisha.