Sterlite Power, a global power transmission developer, has announced that it will join hands with GE T&D India Limited, Unitech Power Transmission Limited (UPTL), Tata Projects Limited (TPL), and Associate Power Structures to develop the Lakadia Vadodara Transmission Project Limited (LVTPL) under the Green Energy Corridor.
The project connects the wind energy zones of Gujarat to the load centers in Gujarat and Maharashtra. The project involves laying over 300 km of 765 kV double-circuit transmission lines connecting 765/400 KV Lakadia substation to the Vadodara substation in Gujarat.
As part of the collaboration, GE will design, construct, test, and commission a 765 kV GIS substation at Vadodara and 765 kV AIS station at Lakadia in the state of Gujarat. The other partners TPL, APSPL, and UPTL, will provide engineering, procurement, and construction services related to the supply, erection, testing, and commissioning of 343 km transmission lines for the project.
Sterlite Power won this critical Green Energy Corridor project through a competitive bidding process last year. Speaking on the collaboration, Pratik Agarwal, Managing Director, Sterlite Power, said, “This Green Energy Corridor project is very special for Sterlite Power since it will help our country to achieve its renewable energy target, and fight climate change by creating a cleaner alternative to fossil fuel-based energy. With established EPC and OEM partners onboard, we are best prepared to deliver this complex project within the timelines while maintaining the highest standards of quality, as well as the health and safety of our workforce.”
Recently, Sterlite Power announced that it had achieved the financial closure of the Lakadia Vadodara transmission project by securing ₹20.24 billion (~$274.86 million) in funding. According to one of the lenders, of the ₹20.24 billion (~$274.86 million), ₹6.07 billion ($82.57 million) was equity infusion, and the rest was debt. IndusInd Bank had provided ₹9.17 billion ($124.74 million), and L&T Infrastructure Finance had brought in ₹5 billion ($68.02 million).
Earlier, Sterlite Power had signed an agreement with U.S.-based Smart Wires to introduce technology for the electric market in India for grid management. The technology named ‘SmartValveTM’ is expected to allow utilities to optimize the use of their existing transmission capacity and enhance grid flexibility.
In May last year, the Power Grid Corporation of India Limited had come up with a detailed proposal for establishing a transmission system for the evacuation of power from potential solar and wind energy zones in the country’s western region. PGCIL had announced the details of the program, including the justification, estimated cost, tariff impact, results of the system studies, and study assumptions.
Rakesh is a staff reporter at Mercom India. Prior to joining Mercom, he worked in many roles as a business correspondent, assistant editor, senior content writer, and sub-editor with bcfocus.com, CIOReview/Silicon India, Verbinden Communication, and Bangalore Bias. Rakesh holds a Bachelor’s degree in English from Indira Gandhi National Open University (IGNOU). More articles from Rakesh Ranjan.