The Indian power transmission developer Sterlite Power has achieved financial closure for its Beawar transmission project, which involves the construction of a 350 km, 765 kV transmission corridor that will connect the renewable energy zone at Fatehgarh III to a proposed substation at Beawar, in the Indian State of Rajasthan.
Sterlite Power has secured funds totalling INR24bn (US$289m) from REC Power Development and Consultancy. The project, which was acquired by Sterlite in September 2023, is part of a larger Green Energy Corridor that will help evacuate around 20 GW of renewable energy in Rajasthan. The Beawar transmission project will also include construction of a 3,000 MVA 765/400kV Substation at Beawar and two LILO lines covering approximately 120 km.
Sterlite Power has a portfolio of 33 completed, sold and under construction power transmission projects in India and Brazil, covering approximately 15,350 circuit km of transmission lines.