Sterlite Power raises Rs 1373 crore from PFC for Neemrana II Kotputli project

By Editor


Sterlite Power, a leading power transmission company, has achieved financial closure for its Neemrana II Kotputli Transmission (NKTL) project. The project has secured funds totaling INR 1373 crore from Power Finance Corporation (PFC).

“We concluded the financial deal for one of our largest GEC projects with one of India’s largest and most reputed financial institution in the power sector – PFC. The deal is a show of trust by PFC in our capability,” Raji George, Director-Corporate Finance, Sterlite Power, said.

Sterlite Power acquired the Neemrana II Kotputli Transmission SPV in November 2023 to execute the green energy corridor on a Build, Own, Operate, and Transfer (BOOT) basis for a period of 35 years.

The project encompasses the development of two critical components: a 6000 MVA, 765/400kV substation at Neemrana and a 400 kV transmission line network spanning approximately 250 kilometers.

This network will establish vital interconnections, linking the Neemrana substation to the existing Kotputli substation, while also facilitating a LILO (Line-In Line-Out) that will integrate the Neemrana II substation with the Gurgaon and Sohna substations through the existing Gurgaon-Sohna line.

In February 2024, Sterlite Power achieved the closure of funding for the Beawar Transmission project from REC Power Development and Consultancy.

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