Sterlite Grid receives LoI for power transmission project in Odisha
Sterlite Technologies announced that its subsidiary, Sterlite Grid, received Letter of Intent to commission power evacuation infrastructure in Odisha for local power projects. Sterlite Grid emerged as the lowest bidder for the power transmission project in Odisha with a levelized annual tariff of Rs 139.79 crore.The bids were invited by PFC Consulting Limited to develop transmission systems for Odisha based power projects named as gFor Common Transmission System for Phase]II Generation Projects in Odisha and Immediate Evacuation System for OPGC Project in Odishah. The transmission lines will form part of Interstate transmission network providing additional evacuation up to 5,000 MW of electricity from Odisha based plants that are seeking better access to the power consuming centers.
Sterlite Grid will Build, Own, Operate & Maintain approx 300 km of 765 kV Double Circuit system strengthening line from Jharsugda to Raipur and approx 50 km of 400 kV Double Circuit line between OPGC Power Project & Jharsugda with approximate capital expenditure of Rs 1,250 crore.
This is the eighth project won by Sterlite Grid under the Tariff Based Competitive Bidding mechanism. With this project, Sterlite Gridfs portfolio includes 23 Extra High Voltage (EHV) transmission lines and three substations with nearly 6,000 Circuit Km.
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