Sterlite Power has announced the acquisition of project SPV “Neemrana II Kotputli Transmission Ltd” from bid process coordinator PFC Consulting Ltd.
The project was awarded to Sterlite Power through the tariff based competitive bidding (TBCB) process in November 2023.Through the SPV, the company will build this Green Energy -project on a BOOT (build, own, operate, transfer) basis, for a period of 35 years.
This is Sterlite Power’s twentieth power transmission project in India under the TBCB process. With this project, Sterlite Power has Rs.14,000 crore of projects under management, a release from Sterlite Power said.
Neemrana II Kotputli Transmission Ltd will require development of two integral components:
- 6,000 MVA, 765/400kV substation at Neemrana,
- Two 400kV transmission lines spanning 250km; connecting Neemrana with existing Kotputli substation, and another LILO corridor that will connect the Neemrana II with Gurgaon & Sohna substations through existing Gurgaon-Sohna line.
Transition to sustainability
Speaking on the development, Pratik Agarwal, Managing Director, Sterlite Power said, “Enabling part of 7.7 GW of green power flow, the Neemrana II Kotputli Transmission Limited project is another vital cog in the machine that will accelerate the nation’s transition to a sustainable future. These green energy evacuation projects are aligned with our core purpose to enable access to reliable power while minimizing the impact on climate change.”
Rajasthan projects
In March 2023, Sterlite Power won its first green energy project in Rajasthan – Fatehgarh III Beawar Transmission Ltd (Phase III, Part G project). This was followed by Beawar Transmission Ltd (Phase III, Part-F) win in August 2023. Taken together with Neemrana II Kotputli Transmission Ltd (Rajasthan REZ Ph-IV (Part-1-Bikaner Complex): Part-B), these green energy projects will entail construction of a 950 km long transmission corridor across Rajasthan. These corridors will be instrumental in evacuation of a significant portion of 20 GW of renewable energy from REZs in Fatehgarh (9.1 GW), Bhadla (8 GW) and Ramgarh (2.9 GW) and 7.7 GW in Bikaner.
This project win adds to the overall green energy portfolio of the company taking the total projects under management tally to nine.
Also read: Sterlite Power Wins Its Third Green Energy Transmission Project In Rajasthan
Featured photograph (source: Sterlite Power) is for representation only.
