• Sterlite Power gets ₹305 cr funding from Aseem Infra Finance for transmission project

    12 January

On Wednesday, Sterlite Power said that it had secured debt financing worth 305 crore from Aseem Infrastructure Finance to establish the Kishtwar Transmission Limited (KTL) project in Jammu & Kashmir. Sterlite Power purchased the KTL Special Purpose Vehicle in December 2022. Construction of a 400/132kV GIS substation at Kishtwar and a 400 kV transmission line from Kishenpur to Dulhasti are part of the project. A total of 1000MW of power from the Pakaldul Hydroelectric Project will be transported via the transmission line to the Kishtwar substation. Apart from bringing additional power flow, it will also help in decongesting the downstream networks in the region, improving the quality and reliability of power flow in Kashmir valley.