Sterlite Power acquires Nangalbibra-Bongaigaon ISTS Project from PFC
By EPR Magazine Editorial December 29, 2021 4:27 pm IST
By EPR Magazine Editorial December 29, 2021 4:27 pm IST
The project will transmit approximately 1000 MW of electricity from Assam to Meghalaya’s western regions.
Sterlite Power Transmission Limited, a leading private sector power transmission infrastructure developer and solutions provider, announced the acquisition of Nangalbibra-Bongaigaon Transmission Limited, a Special Purpose Vehicle (SPV) from PFC Consulting Limited. Through this SPV, the company will execute the inter-state transmission system (ISTS) project that it won through tariff-based competitive bidding (TBCB) in October 2021
The project entails laying 300 km of transmission lines and building a greenfield substation with 320 MVA transformation capacity across Assam and Meghalaya’s north-eastern terrain.The project includes the following elements:
The project will transmit over 1000 MW of power from Assam to the western parts of Meghalaya. Aside from increasing power flow, the project will also help to decongest the region’s downstream networks, thereby improving the quality and reliability of power flow in North-East India.
Sterlite Power now has a portfolio of 27 projects across India and Brazil, which includes projects under various stages of development and those that have been sold. The company has a track record of executing complex projects successfully. Earlier this year, the company completed the NER-II project, spanning across the north-eastern states of Assam, Arunachal Pradesh, and Tripura. The company is increasingly focused on integrating renewable energy sources into the transmission grids.
For more details, please visit https://www.sterlitepower.com/
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