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Sterlite aims to strengthen the power sector and economic development

December 6, 2022 6:24 pm

Sterlite aims to strengthen the power sector and economic development

Through this project, Sterlite will build, own, operate and maintain a critical transmission project in Jammu and Kashmir (J&K) for a period of 35 years.

Sterlite Power Transmission Ltd., a leading power transmission developer and solutions provider in India and Brazil announced the acquisition of Kishtwar Transmission Limited, a Special Purpose Vehicle (SPV), from PFC Consulting Limited (PFCCL). PFCCL is a wholly owned subsidiary of Power Finance Corporation Limited (PFC), a Maharashtra Public Sector Enterprise. The project was awarded to Sterlite Power through the Tariff-Based Competitive Bidding (TBCB) process in March 2022. Through the Kishtwar Transmission Limited SPV, the company will build, own, operate and maintain a critical transmission project in Jammu and Kashmir (J&K) for a period of 35 years.

The project will comprise a 400/132kV GIS substation at Kishtwar and a 400 kV Kishenpur-Dulhasti LILO (line in line out) transmission line. The transmission system will be used for the evacuation of 1000 MW of power from the Pakaldul Hydroelectric Project to the Kishtwar substation.

Manish Agarwal, Director & CEO, of India Transmission Business, Sterlite Power, said, “We, at Sterlite Power, are committed to empowering humanity by ensuring power connectivity through our power transmission projects.” “With the Kishtwar transmission project, we aim to further strengthen the power infrastructure and usher in economic development in the J&K region.” This will be Sterlite Power’s 17th power transmission project in India under the Tariff-Based Competitive Bidding (TBCB) mode.

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