A 35-year contract for the Kishtwar transmission project was announced by Sterlite Power, an integrated power transmission developer and solutions supplier. An official announcement stated that Kishtwar Transmission Limited, a Special Purpose Vehicle (SPV) from PFC Consulting Limited (PFCCL), was given to Sterlite Power following a competitive tariff-based bidding process. Power Finance Corporation Limited (PFC), a public sector company in Maharashtra, owns 100 percent of PFCCL. According to the statement, the project would include a 400/132 KV sub-station at Kishtwar and a 400 KV LILO (Line in Line out) transmission line between Kishnepur and Dulhasti. “The transmission system will be used for evacuation of 1,000 MW of power from Pakal Dul Hydro Electric Project to the Kishtwar sub-station,” the official said, adding, “through the Kishtwar Transmission Limited SPV, the company will build, own, operate and maintain a critical transmission project in Jammu and Kashmir for a period of 35 years.” Manish Agarwal, Director and Chief Executive Officer of Sterlite Power's India Transmission Business, stated that the company is committed to enabling human empowerment by ensuring power connectivity through its power transmission projects. “With Kishtwar transmission project, we aim to further strengthen the power infrastructure and usher economic development in the J&K region, “ Agarwal said. Under tariff-based competitive bidding, this will be Sterlite Power's 17th power transmission project in India. See also: Sterlite Power commissions 400 kV transmission line in Gujarat four months Sterlite Power rolls out Rs.16.62 bn transmission project in MP