Sterlite Power has announced bagging two contracts worth Rs 3,000 crore to set up inter-state projects for Udupi- Kasargode and WRSS 21 (part B) involving lines and GIS substations.
In a statement, the power transmission player said with these two projects worth Rs 3,000 crore, Sterlite Power has increased its footprint of inter-state transmission projects across 22 states.
Sterlite Power has already completed a wind energy evacuation project in Brazil earlier this year.
The Udupi-Kasargode project is required to decongest the ISTS transmission corridor and to facilitate smoother power flow within the southern region states of Karnataka to Kerala, while the Lakadia-Vadodara (WRSS 21 part B) located in Gujarat, will help connect the wind energy zones of Bhuj region to the load centers of Gujarat and Maharashtra.
According to the company’s CEO Pratik Agarwal, “these projects awarded through competitive bidding have secured much lower tariff than the cost-plus tariff estimate and thus play a crucial role in enabling access to affordable power envisioned by the government.”
Image Credit : thehindubusinessline.com