Sterlite Power has secured Khavda Phase-IV (7GW): Part C project to develop the transmission system for evacuating power from the potential renewable energy zone in the Khavda region of Gujarat.
Bid process coordinator REC Power Development & Consultancy Ltd (RECPDCL) has transferred to project special purpose vehicles (SPV) for the development of as many interstate transmission system (ISTS) projects to their winning developers – Adani Energy Solutions Ltd (AESL) and Sterlite Power, respectively – selected under the tariff-based competitive bidding (TBCB) mechanism.