Sterlite Power eyes ₹70,000 crore of renewable energy transmission projects

Sterlite Power Transmission Ltd. has announced that they will aggressively bid for business from among the transmission projects worth ₹70,000 crore coming up for auction soon. These projects have been announced for evacuation of green energy from generation centers. They are presently doing about ₹9,000 crore of projects in India and about ₹3,500 crore of projects in Brazil. With India aiming to add 500 KW of RE (renewables) by 2030, huge investments are needed in the transmission sector, including the involvement of private sector players in the business as per Mr. Pratik Agarwal, MD, Sterlite Power Transmission Ltd.