Sterlite Power, a leading power transmission developer, has announced the successful financial closure of its Beawar Transmission Limited (BTL) project. This milestone, achieved within a remarkable timeframe of just four months since Sterlite Power’s acquisition of the project, marks a crucial step forward in the country’s ambitious renewable energy goals.
The Beawar Transmission Limited (BTL) project, valued at approximately ₹2,400 crore, has secured funding from REC Power Development and Consultancy Limited, a wholly-owned subsidiary of Rural Electricity Corporation. This financial backing underscores the confidence of key stakeholders in Sterlite Power’s ability to execute and deliver critical infrastructure projects efficiently.
Pratik Agarwal, Managing Director of Sterlite Power, emphasized the significance of achieving financial closure swiftly. He stated, “Financial closure is an important milestone in an infrastructure project’s lifecycle. Achieving this in a short span will help us in expediting the delivery of this critical project – an integral part of the larger Green Energy Corridor that will help evacuate around 20 GW of renewable energy.”
Sterlite Power’s acquisition of the BTL SPV in September 2023 paved the way for the execution of the inter-state green energy transmission project on a build, own, operate, transfer (BOOT) basis, spanning a period of 35 years. The project entails the construction of a 350 km, 765kV transmission corridor linking the renewable energy zone at Fatehgarh III to a proposed substation at Beawar. Additionally, it includes the construction of a 3,000 MVA 765/400kV Substation at Beawar and two LILO lines covering approximately 120 km.
With a proven track record of successfully executing complex projects, Sterlite Power has continuously set industry benchmarks through the application of cutting-edge technologies and innovative financing mechanisms. The Beawar Transmission Limited (BTL) project is poised to further consolidate Sterlite Power’s position as a leader in India’s power transmission sector.
The project’s completion will not only enhance the nation’s power transmission infrastructure but also contribute significantly to the integration of renewable energy sources into the grid, aligning with India’s vision for a sustainable energy future.
