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Sterlite Power has acquired Neemrana II Kotputli Transmission in Rajasthan from PFC Consulting (PFCC), a wholly owned subsidiary of Power Finance Corporation (PFC). The project, a special purpose vehicle (SPV), was awarded to Sterlite Power through the tariff-based competitive bidding (TBCB) process in November 2023.
The project will require the development of two integral components- 6,000 MVA, 765/400kV substation at Neemrana, and two 400 kV transmission lines spanning 250 km, connecting Neemrana with the existing Kotputli substation, and another LILO corridor which will connect Neemrana II with Gurgaon and Sohna substations through the existing Gurgaon-Sohna line.
Through Neemrana II Kotputli Transmission, Sterlite will build this green energy project on a build, own, operate, transfer (BOOT) basis for 35 years. This would be Sterlite’s twentieth power transmission project in the country under the TBCB process. With this acquisition, the company now has Rs 14,000 crore of projects under management. Further, this project plays a significant role to enable 7.7 GW of green power flow, accelerating the nations transition to a sustainable future.
In March 2023, the company secured its first green energy project- Fatehgarh III Beawar Transmission (Phase-III, Part G project) in Rajasthan, followed by a Beawar Transmission (Phase III, Part-F) win in August same year. These green energy projects will entail construction of a 950-km transmission corridor across Rajasthan. |
