This green energy transmission project marks Sterlite Power's second venture into green energy projects in Rajasthan
Sterlite Power, a leading private sector power transmission infrastructure developer and solutions provider, has secured the order for Rajasthan phase-III (20GW), part F Transmission project. This order win marks Sterlite Power's second venture into green energy transmission projects in the state of Rajasthan.
The project was bid out through tariff-based competitive bidding (TBCB) process. Sterlite Power received the Letter of Intent (LoI) from REC Power Development and Consultancy Limited – a wholly owned subsidiary of rural electricity corporation, to build the project on BOOT (build, own, operate, transfer) basis, for a period of 35 years.
The phase III, part F project involves construction of three integral components – 1) a 350 km 765kV transmission corridor connecting the renewable energy zone of Fatehgarh III to the substation at Beawar, 2) construction of a 3000 MVA 765/400kV substation at Beawar, and 3) construction of two LILO lines, covering approximately 120 km.
The project also includes Static Synchronous Compensators (STATCOM) system implementation at Fatehgarh III substation. Sterlite Power will be the first private transmission infrastructure developer in the country to implement a STATCOM.
Expressing his views on the new order win, Pratik Agarwal, managing director, Sterlite Power, said, "The development of these critical renewable infrastructure assets is indeed a significant step toward advancing India's renewable energy goals. We are ready to deliver world class assets and help the country march towards a greener future.”
In March 2023, Sterlite Power won part G phase III of the project, titled Fatehgarh III Beawar Transmission Ltd. Together with part F, it will entail construction of a 700 km transmission corridor that will enable evacuation of a significant portion of 20 GW of green power from renewable-rich energy zones in Fatehgarh (9.1 GW), Bhadla (8 GW), and Ramgarh (2.9 GW). This visionary corridor, once completed, will be amongst the largest green energy corridors to be built in the country.
Sterlite Power is a private sector power transmission infrastructure developer and solutions provider with a portfolio of 32 completed, sold and under construction projects covering approximately 15,350 circuit kms of transmission lines across India and Brazil. Today, the company has ~INR 12,000 cr of projects under management.