Sterlite Power has been awarded the transmission project for evacuation of power from renewable energy zones in Rajasthan. The company has received the letter of intent (LoI) from PFC Consulting Limited to build the project on build, own, operate, transfer basis, for a period of 35 years.

Sterlite Power has been awarded the transmission project for evacuation of power from renewable energy zones in Rajasthan. The company has received the letter of intent (LoI) from PFC Consulting Limited to build the project on build, own, operate, transfer basis, for a period of 35 years.
Planify Author
Author

Planify Author

Financial Analyst Intern
Publish Date20 March 2023
Reading time1 Min

Share on Social Links

Category

StockBeginner GuideAngel InvestingSME IPOEconomy MarketAIFInvestmentsMore

On Friday, Sterlite Power said that it has been chosen to handle the transmission of electricity from Rajasthan's renewable energy zones. PFC Consulting Limited, a fully owned subsidiary of Power Finance Corporation, has provided the company with a letter of intent (LoI) to build the project on a build-own-operate-transfer basis for a 35-year period. A key component of the programme published by the Ministry of Power in 2022 for the integration of more than 500 GW of renewable energy capacity into the national grid by 2030 is the whole transmission infrastructure. A 350 km, 765 kV transmission link from Rajasthan's Fatehgarh III to Beawar will be built as part of the project.

Tags

Unlisted SharesPre-IPOInvestmentStock MarketFinance

Stay Connected, Stay Informed –

Join Our

WhatsApp

Channel!

Don’t miss out on exclusive updates, market trends, and real-time investment opportunities. Be the first to know about the latest unlisted stocks, IPO announcements, and curated Fact Sheets, delivered straight to your WhatsApp.