Sterlite Power has won its third green energy evacuation scheme in Rajasthan, under the tariff-based competitive bidding (TBCB) mode.
In a release, Sterlite Power announced that it has secured the order for Rajasthan REZ Ph-IV (Part-1-Bikaner Complex): Part-B transmission project. With this order win, Sterlite Power has secured its third Green Energy Corridor (GEC) project in the state of Rajasthan.
As part of the Part B Bikaner Complex transmission scheme, Sterlite Power will develop two integral components — (1) 6,000 MVA, 765/400kVsubstation at Neemrana, and (2) Two 400kV transmission lines spanning nearly 250 km; connecting Neemrana with existing Kotputli substation, and another LILO corridor that will connect the existing Gurgaon-Sohna line with the Gurgaon and Sohna substations.
Sterlite Power will be building this project on a BOOT (Build, Own, Operate & Transfer) basis, for a period of 35 years. The project was awarded to Sterlite Power through the tariff-based competitive bidding (TBCB) process.
This project win adds to Sterlite Power’s overall power transmission developmental portfolio taking the total number of projects under execution to eight.
Robust infrastructure
Expressing his views on the new order win, Pratik Agarwal, Managing Director, Sterlite Power, said, “Transmission today underpins India’s energy transition success. We are happy to win this critical project that will allow around 8,000 MW of renewable energy to flow from RE-rich Bikaner to load centers in Rajasthan, Haryana and UP. We stay committed to build robust transmission infrastructure projects in the country to solve the toughest challenges of green energy delivery.”
Third project in Rajasthan
In March 2023, Sterlite Power won its first GEC project in Rajasthan – Fatehgarh III Beawar Transmission Ltd (Phase III, Part G project). This was followed by Beawar Transmission Ltd. (Phase III, Part-F) in August 2023.
Taken together with the newly-won Project B Bikaner Complex, these GEC 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.
Project SPV
According to information available with T&D India but not contained in the Sterlite Power release, the project SPV for the newly-won Project B Bikaner Complex project is “Neemrana II Kotputli Transmission Ltd” with PFC Consulting Ltd acting as the bid process coordinator. According to estimates made by National Committee on Transmission (NCT), the project is estimated to cost around Rs.1,876 crore and is expected to commission in 24 months from the date of transfer of the project SPV to the successful bidder.
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Featured photograph (source: Sterlite Power) is for representation only.
