In a strategic move to bolster India’s renewable energy infrastructure, Sterlite Power, a prominent player in power transmission development and solutions, has successfully acquired Neemrana II Kotputli Transmission Limited. The acquisition, involving a Special Purpose Vehicle (SPV) from PFC Consulting Limited (PFCCL), a wholly-owned subsidiary of Power Finance Corporation Limited (PFC), marks a significant milestone for Sterlite Power.
The project was secured by Sterlite Power through the Tariff Based Competitive Bidding (TBCB) process in November 2023. This latest venture adds to Sterlite Power’s impressive portfolio, now comprising twenty power transmission projects in India under the TBCB process, with a cumulative value of approximately ₹14,000 Crores.
The Neemrana II Kotputli Transmission Limited project will be executed on a Build, Own, Operate, Transfer (BOOT) basis, spanning a considerable period of 35 years. This marks Sterlite Power’s commitment to long-term sustainable development and its dedication to contributing to the nation’s green energy transition.
Pratik Agarwal, Managing Director of Sterlite Power, emphasized the project’s significance, stating, “Enabling part of 7.7 GW of green power flow, the Neemrana II Kotputli Transmission Limited project is another vital cog in the machine that will accelerate the nation’s transition to a sustainable future.”
The project involves the development of two critical components: a 6,000 MVA, 765/400kV substation at Neemrana and two 400 kV transmission lines covering approximately 250kms. These transmission lines will connect Neemrana with the existing Kotputli substation and establish a LILO corridor connecting Neemrana II with Gurgaon & Sohna substations through the existing Gurgaon-Sohna line.
This latest acquisition follows Sterlite Power’s earlier successes in securing green energy projects in Rajasthan, including Fatehgarh III Beawar Transmission Ltd (Phase III, Part G project) in March 2023 and Beawar Transmission Ltd. (Phase III, Part-F) in August 2023. When combined with Neemrana II Kotputli Transmission Limited, these projects will contribute to the construction of a ~950 km long transmission corridor across Rajasthan, facilitating the evacuation of a substantial portion of 20 GW of renewable energy from Renewable Energy Zones (REZs) in Fatehgarh, Bhadla, Ramgarh, and Bikaner.
