+
Sterlite Power buys Fatehgarh III Beawar transmission from PFC
POWER & RENEWABLE ENERGY

Sterlite Power buys Fatehgarh III Beawar transmission from PFC

Sterlite Power announced that they had acquired Fatehgarh III Beawar Transmission Project, a special purpose vehicle, from PFC Consulting. It was stated that PFC Consulting (PFCCL) is a wholly-owned subsidiary of Power Finance Corporation Limited under the Ministry of Power.

According to the company's statement, Sterlite Power had acquired the Fatehgarh III Beawar Transmission Project in Rajasthan from PFC through a tariff-based competitive bidding process in March 2023.

Sterlite Power would be establishing a critical transmission project in Rajasthan using the Fatehgarh III Beawar Transmission Limited special purpose vehicle (SPV) in build-operate-transfer mode for 35 years.

The project's scope involved the construction of a 350-kilometer, 765kV transmission corridor connecting Fatehgarh III to Beawar in Rajasthan. The primary objective was to facilitate the evacuation of a portion of 20 GW of renewable power from renewable energy zones in Fatehgarh (9.1 GW), Bhadla (8 GW), and Ramgarh (2.9 GW) areas of the state.

Pratik Agarwal, the Managing Director of Sterlite Power, stated that the development of green energy corridors played a crucial role in India's nation-building efforts. He mentioned that with Sterlite Power's unique capabilities and expertise, these corridors would contribute to achieving the country's renewable energy vision of 500 GW by 2030.

As for the financial details of the acquisition, the company did not disclose them.

Sterlite Power, known for being a leading private sector power transmission infrastructure developer and solutions provider, has undertaken projects that span approximately 15,000 circuit kilometers of transmission lines across India and Brazil.

Also read: 
RIL to produce green hydrogen in 2 years
CERC approves 4.5 GW Renewable Power evacuation in Gujarat


Sterlite Power announced that they had acquired Fatehgarh III Beawar Transmission Project, a special purpose vehicle, from PFC Consulting. It was stated that PFC Consulting (PFCCL) is a wholly-owned subsidiary of Power Finance Corporation Limited under the Ministry of Power. According to the company's statement, Sterlite Power had acquired the Fatehgarh III Beawar Transmission Project in Rajasthan from PFC through a tariff-based competitive bidding process in March 2023. Sterlite Power would be establishing a critical transmission project in Rajasthan using the Fatehgarh III Beawar Transmission Limited special purpose vehicle (SPV) in build-operate-transfer mode for 35 years. The project's scope involved the construction of a 350-kilometer, 765kV transmission corridor connecting Fatehgarh III to Beawar in Rajasthan. The primary objective was to facilitate the evacuation of a portion of 20 GW of renewable power from renewable energy zones in Fatehgarh (9.1 GW), Bhadla (8 GW), and Ramgarh (2.9 GW) areas of the state. Pratik Agarwal, the Managing Director of Sterlite Power, stated that the development of green energy corridors played a crucial role in India's nation-building efforts. He mentioned that with Sterlite Power's unique capabilities and expertise, these corridors would contribute to achieving the country's renewable energy vision of 500 GW by 2030. As for the financial details of the acquisition, the company did not disclose them. Sterlite Power, known for being a leading private sector power transmission infrastructure developer and solutions provider, has undertaken projects that span approximately 15,000 circuit kilometers of transmission lines across India and Brazil. Also read:  RIL to produce green hydrogen in 2 years CERC approves 4.5 GW Renewable Power evacuation in Gujarat

Next Story
Equipment

Liebherr secures 130-dozer deal with Turkey’s State Hydraulic Works

Liebherr Turkey has signed a major equipment supply agreement with the Turkish State Hydraulic Works (DSİ) for the delivery of 130 crawler tractors to be used across the country’s key infrastructure and environmental projects.The agreement covers 120 PR 756 Litronic and 10 PR 736 Litronic crawler tractors, with production scheduled at Liebherr’s facility in Telfs, Austria. This marks a significant continuation of the long-standing collaboration between DSİ and Liebherr, which began over a decade ago with the delivery of PR 754 Litronic dozers.Designed for heavy-duty operations, the PR 75..

Next Story
Infrastructure Transport

Noida to Revamp Transport Nagar Chowk with Rs 4-Crore Beautification Plan

The Noida Authority has unveiled plans to redevelop Transport Nagar Chowk in Sector 67 with a Rs 4-crore beautification project. Aimed at enhancing connectivity, accessibility, and urban aesthetics, the project will upgrade a 500-metre stretch along DSC Road with modern, inclusive, and sustainable infrastructure.Officials stated that the stretch will be enhanced with ornamental lighting, sculptures, seating areas, bollards, food kiosks, and ramps for differently-abled individuals. A tender for the project is expected to be issued soon.Neelima Rana, partner at Orionn Architects—the firm behin..

Next Story
Infrastructure Transport

Centre Approves Noida Metro Extension to Bodaki Multimodal Hub

The Central government has approved the extension of the Noida Metro Aqua Line from Depot Station to the upcoming Multimodal Transport Hub (MMTH) at Bodaki, marking a major push for enhanced connectivity in the National Capital Region (NCR). The 2.6-km extension is expected to be completed within three years.The project, already cleared by the Uttar Pradesh Cabinet, will now move to the construction stage under the supervision of the Noida Metro Rail Corporation (NMRC). The extended route will include two additional stations — Junpat Village and Bodaki — connecting to the MMTH, which will ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?