Sterlite Power, a leading global player in power transmission
announces the acquisition of its inter-state GEC transmission project, Lakadia-Vadodara
Transmission Project Limited (LVTPL), from PFC Consulting Limited. The company
had won this project (WRSS 21 – Part B) through tariff-based competitive bidding
process and would execute it under the Build, Own, Operate and Maintain (BOOM)
model for 35 years in the state of Gujarat.
The project is aligned
to enable the country’s renewable energy target of installing 175 GW RE by 2022 and connects the wind energy zones of
Bhuj in Gujarat to the load centres in the States of Gujarat and Maharashtra.
The project involves laying 350 kms of 765 kV double-circuit transmission line
connecting 765/400 kV Lakadia substation to Vadodara substation in Gujarat, in
an aggressive timeframe of 18 months.
Commenting on the
project acquisition, Pratik Agarwal,
Managing Director, Sterlite Power said, “This is another resounding
success for Sterlite Power. We are proud to be part of this energy-transition
journey of the country and are fully geared to contribute to it with this and
more such projects.”
With the acquisition
of this project, the company has increased its domestic footprint in
inter-state transmission projects to 22 states with a cumulative transmission
line network of more than 9000 ckms and 16,000 MVA transformation capacity.
This marks the 14th addition to our domestic project portfolio. The
company has a strong presence in Brazil with a portfolio of 10 transmission