• Sterlite Power Secures Rs 440 Crore Funding From Tata Cleantech Capital For Nangalbibra - Bongaigaon Project

    7 March at 05:51

 Sterlite Power Transmission Limited, a leading private sector power transmission infrastructure developer and solutions provider, has achieved financial closure for its Nangalbibra - Bongaigaon Transmission Limited (NBTL) project.

It has successfully secured the entire debt funding of Rs 440 crores from Tata Cleantech Capital which is the first private sector climate finance institution in the Green Banking Network. This financial closure is achieved within two months of the SPV acquisition of the project.

Sterlite Power acquired the NBTL SPV in December 2021 to execute the inter-state transmission system project. The project involves construction of around 300 ckt km of transmission lines and a greenfield substation with 320 MVA transformation capacity across the North-Eastern states of Assam and Meghalaya.