Sterlite Power is the sponsor of India's first power sector InvIT, India Grid Trust (IndiGrid) which is listed. In September 2022, the firm announced that it had withdrawn its DRHP and deferred its listing plans due to unfavourable market conditions.
PFC Consulting Ltd (PFCCL), a wholly-owned subsidiary of Power Finance Corporation (PFC), has transferred two transmission projects to Apraava Energy and one project to Sterlite Power. The transmission projects were transferred through Tariff Based Competitive Bidding (TBCB) process for transmission service providers and involve the establishment of pooling stations and transmission corridors in Rajasthan.
Sterlite Power on Wednesday said it has acquired Fatehgarh III Beawar Transmission, a special purpose vehicle, from PFC Consulting Limited. PFC Consulting Limited (PFCCL) is a wholly-owned subsidiary of Power Finance Corporation Limited under the Ministry of Power.
Since its foray in Brazil in 2017, Sterlite Power has built a significant footprint in the country, acquiring 13 projects through greenfield global auction process.
Sterlite Power commissions its sixth power transmission project in Brazil pv-magazine-india.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from pv-magazine-india.com Daily Mail and Mail on Sunday newspapers.
The project, Marituba involved developing a 344-km 500kV transmission corridor connecting Brazil's largest hydropower plant at Tucurui to the metropolitan region of Belem to deliver up to 1000 MW of green energy, a company statement said.