Sterlite Power Acquires ISTS Project SPV from PFC

Power transmission infrastructure developer Sterlite Power Transmission Ltd has acquired Nangalbibra─Bongaigaon Transmission Ltd, a Special Purpose Vehicle (SPV) from PFC Consulting Ltd.
 
Through this SPV, the company will execute the inter-state transmission system (ISTS) project which it won through tariff-based competitive bidding (TBCB) in October 2021.
 
Further, the scope of the project involves setting up of ~300 ckt km of transmission lines network and greenfield substation with 320 MVA transformation capacity across North-Eastern terrain of Assam and Meghalaya. The project includes the following elements:
 

 
Moreover, the project would transmit over 1,000 MW of power from Assam to western parts of Meghalaya.
 
Apart from bringing the additional power flow, the project would also help in decongesting the downstream networks in the region, thereby improving the quality and reliability of power flow in North-East India.
 
As of now, the company has a portfolio of 27 projects across India and Brazil, which includes projects under various stages of development and those that have been sold. It has a track record of executing complex projects successfully.
 
Earlier this year, the company had completed the NER-II project spanning across the north-eastern states of Assam, Arunachal Pradesh, and Tripura. It is increasingly focused on integrating renewable energy sources into the transmission grids.