Sterlite Grid To Construct Power Transmission Lines In India
Sterlite Technologies subsidiary Sterlite Grid was awarded two contracts worth around INR6.5bn (nearly $104M) by Power Finance Corporation to construct power transmission lines based on build, own, operate and maintain model.
The company expects to commission these transmission lines in 28 months, while it will operate and maintain them for 35 years.
Under the first contract, Sterlite Grid will construct a network of around 200km long 400kV double circuit line to transfer power from the Rajasthan Atomic Power Project's units 7 and 8 near Kota in Rajasthan to Shujalpur in Madhya Pradesh.
The second contract includes the construction of two 400kV multi-circuit lines between Ranchi and Chaibasa in Jharkhand and between Kharagpur and Purulia in West Bengal with a total length of around 450km.
Sterlite Technologies director Pravin Agarwal said, "These projects strengthen our presence in Eastern and Western regions and will also mark our entry into the states of Rajasthan and Jharkhand.
"Further, in terms of growth potential in the transmission sector, these states have significant growth potential and fit well in our future growth plans." Agarwal added.
SOURCE: Sterlite Technologies