Sterlite Power Wins Prestigious Transmission Project in Brazil

Energy Press Releases Tuesday December 25, 2018 08:20
MUMBAI, India--25 Dec--PRNewswire/InfoQuest
  • The company's investment in Brazilian transmission sector crosses USD 2bn
  • Project includes 6 substations; 1.544 MVA

In the recently concluded auction for transmission projects in Brazil, Sterlite Power emerged as the winner for Lot 13. The project will require an investment of USD 0.6 billion over the period of next 3-5 years in the state of Rio Grande do Sul, south region of the country. This addition increases the portfolio of Sterlite Power to 10 projects.

(Logo: https://mma.prnewswire.com/media/558206/Sterlite_Power_Logo.jpg )

Talking about Brazil and the company's investment in the region, the Group CEO of Sterlite Power, Pratik Agarwal said, "We feel proud and honoured to be part of the Brazilian growth story. Our motivation to work on the toughest transmission projects that empower humanity has been the cornerstone of our journey in Brazil. We feel committed to the region and look forward to delivering the new project ahead of schedule."

Rui Chammas, Sterlite Power CEO in Brazil, said, "We are happy to have won this project in the current auction. I must congratulate ANEEL for providing a visible pipeline of projects and for the transparent way of conducting these auctions. Sterlite Power is committed to delivering these projects ahead of schedule by leveraging a network of partners and a top-class local team."

Brazil's transmission system needs to add significant capacity to manage the transition in generation footprint: from a hydro and thermal baseload to renewable generation.
About Sterlite Power

Sterlite Power is a leading global developer of power transmission infrastructure with projects of over 12,500 circuit kms and 20,500 MVA in India and Brazil. With an industry-leading portfolio of power conductors, EHV cables and OPGW, Sterlite Power also offers solutions for upgrading, uprating and strengthening existing networks. The Company has set new benchmarks in the industry by use of cutting-edge technologies and innovative financing. Sterlite Power is also the sponsor of IndiGrid, India's first power sector Infrastructure Investment Trust ("InvIT"), listed on the BSE and NSE.

For more details, visit: http://www.sterlitepower.com
Media Contact:
Balaji Krishnaswami
Phone: +91-9971757474
Email: balaji.krishnaswami@sterlite.com
Source: Sterlite Power Grid Ventures Limited

Latest Press Release

BGRIMs Vietnam solar projects come on line adding 31% to operating capacity

B.Grimm Power Plc (BGRIM), one of Thailand's largest private power producers, successfully commenced commercial production from its two large solar power schemes in Vietnam with a combined total installed capacity of 677 megawatt during June 3-13,...

GCL SI#s Cast-Mono Modules to Contribute to Japan#s Green Energy Future

GCL System Integration Technology Co. Ltd (GCL SI), a world-leading one-stop intelligent and integrated energy system provider, has supplied its latest Cast-Mono solar modules to two green energy projects initiated by SB Energy, a Japanese wholly-owned...

JinkoSolar Supplies 258MW of Mono Solar Modules for one of the Largest Solar-Wind Hybrid Projects in Vietnam

JinkoSolar Holding Co., Ltd. (the "Company," or "JinkoSolar") (NYSE: JKS), one of the largest and most innovative solar module manufacturers in the world, today announced it has supplied Trung Nam Group with 258MW of monocrystalline PERC double glass...

Mozambique Area 1 co-venturers announce Final Investment Decision

PTT Exploration and Production Public Company Limited (PTTEP) disclosed that PTTEP and other co-venturers of Mozambique Area 1 Project, have announced a Final Investment Decision (FID) on the Mozambique Area 1 Project. Phongsthorn Thavisin, President and...

LyondellBasell and Neste announce commercial-scale production of bio-based plastic from renewable materials

This collaboration marks the first time bio-based polypropylene and bio-based low-density polyethylene were produced simultaneously at commercial scale LyondellBasell (NYSE: LYB), one of the largest plastics, chemicals and refining companies in the...

Related Topics