The acquisition of Lakadia – Vadodara Transmission Project marks the 14th addition to company’s domestic project portfolio.
December 5, 2019
Sterlite Power has acquired inter-state GEC transmission project, Lakadia-Vadodara Transmission Project (LVTPL), from PFC Consulting. The company had won this project (WRSS 21 – Part B) through tariff-based competitive bidding process and would execute it under the Build, Own, Operate and Maintain (BOOM) model for 35 years in the state of Gujarat.
The project is aligned to enable the country’s renewable energy target of installing 175 GW RE by 2022 and connects the wind energy zones of Bhuj in Gujarat to the load centres in the States of Gujarat and Maharashtra.
With the acquisition of this project, the company has increased its domestic footprint in inter-state transmission projects to 22 states with a cumulative transmission line network of more than 9000 ckms and 16,000 MVA transformation capacity.
