Sterlite Power targets investment of $ 4 bn in Brazil by 2022

The Indian group Sterlite Power, which won concessions to build power transmission lines in Brazil last year, expects investment of $ 4 billion in energy projects in Brazil by 2022.

Looking for better returns and a wide range of opportunities for investments in Brazil, Sterlite Power’s idea is to grow rapidly in the country and establish its headquarters in São Paulo as a base for future expansion.

“We are already committed to $ 1 billion (in projects), and we are open to expanding this three or four times over the next three or four years,” said Sterlite Group CEO Pratik Agarwal.
He further added that Sterlite has structured a local team and is currently looking for an experienced executive to take command of Brazilian operations and lead an expansion that may pass in the short or medium term due to incursions in other countries.

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