Sterlite Power Achieves Financial Closure of Beawar Transmission Limited Project
The project has secured funds totaling ~INR 2400 crore from REC Power Development and Consultancy Limited – a wholly owned subsidiary of Rural Electricity Corporation. This accomplishment follows within just four months of Sterlite Power acquiring the project.
February 12, 2024. By News Bureau
The project has secured funds totaling ~INR 2400 crore from REC Power Development and Consultancy Limited – a wholly owned subsidiary of Rural Electricity Corporation. This accomplishment follows within just four months of Sterlite Power acquiring the project.
Commenting on the development, Pratik Agarwal, Managing Director, Sterlite Power said, "Financial closure is an important milestone in an infrastructure project’s lifecycle. Achieving this in a short span will help us in expediting the delivery of this critical project - an integral part of the larger Green Energy Corridor that will help evacuate around 20 GW of renewable energy.”
Sterlite Power acquired the BTL SPV in September 2023 to execute the inter-state green energy transmission project on BOOT (build, own, operate, transfer) basis, for a period of 35 years. The project involves construction of a 350 km, 765kV transmission corridor that will connect the renewable energy zone at Fatehgarh III to a proposed substation at Beawar. The project will also include construction of 3000 MVA 765/400kV Substation at Beawar and two LILO lines covering approximately 120 km.
Sterlite Power has a proven track record of executing complex projects successfully and has set new industry benchmarks through cutting-edge technologies and innovative financing.
please contact: contact@energetica-india.net.
Aman Mehtani
Founder & Group CEO
ADM Group Offers Smart, Sustainable Solutions for Global Automotive Industry
Gaurav Dolwani
CEO
From Scrap to Sustainability: LICO Materials’ Circular Economy Approach
Gaurav Kumar
Head of Supply Chain and Manufacturing
Euler Motors Bridges Cost Gap Between EVs and ICE Vehicles with Localization
Shveta Arya
India Region Leader
Powering India’s Mobility Future: Cummins Showcases Advanced Power Solutions at Bharat Mobility
Samkit Shah
Co-Founder
Jitendra EV Leading Hybrid EV Revolution with Hydrix