At ANEEL’s request, the Indian company prepares to expand the scope of two transmission projects
New Delhi, 13thDecember,2021– Sterlite Brazil Participações S.A. (“Sterlite Power Brasil”), a Brazilian subsidiary of Sterlite Power Transmission Limited (“Sterlite Power”) that amongst other things, develops power transmission projects, is preparing to expand projects held by:
- Solaris Transmissao De Energia S.A (“Solaris Projects”), in the state of Minas Gerais, and
- BorboremaTransmissao De Energia S.A (“Borborema Projects”), in Paraíba.
The estimated capex for the Solaris and Borboremascope extension will be worth INR 250 Cr (Mn 181 BRL) approximately.
The requests for an authorizing resolution for the construction of an additional scope came from the National Electric Energy Agency (ANEEL).The company’s portfolio is located strategically in important areas from the perspective of transmission connectivityand intends to continue to increase its capacity.
Solaris Projects and Borborema Projects are being developed by the subsidiaries of Sterlite Power Brasil. In the state of Minas Gerais, the Solaris Projects involves the construction of 205.2 km of transmission lines and a substation in Jaíba (230 KV), in addition to the Janaúba 3 substation (500 kV). The Borborema Projects consist of transmission line, between the substations of Campina Grande III and João Pessoa II with an approximate length of 123 km.
About Sterlite Power:
Sterlite Power is a leading private sector power transmission infrastructure developer and solutions provider with projects covering approximately 13,700 circuit kms of transmission lines across India and Brazil. The company has a portfolio of high-performance power conductors, EHV cables and OPGW. The company provides bespoke solutions for the upgrade, uprate and fiberzation ofexisting transmission infrastructure projects. It is the sponsor of IndiGrid, India’s first power sector Infrastructure Investment Trust (“InvIT”), listed on the BSE and NSE. The company was also recognised at The Economic Times Innovation Awards 2020 and is a recipient of awards from International Project Management Association (IPMA).
For more details, please visit https://www.sterlitepower.com/
Media Contact:
Sterlite Power: media@sterlite.com
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