Sterlite Power Secures INR 2400 Crore Financing for Beawar Transmission Project

By Editor


Sterlite Power, a power transmission developer and global services provider, has achieved a significant milestone with the financial closure of its Beawar Transmission  (BTL) project.

The project, which was acquired by Sterlite Power just four months ago, has secured funding totaling approximately INR 2400 crore from REC Power Development and Consultancy Limited, a wholly-owned subsidiary of Rural Electricity Corporation.

Pratik Agarwal, Managing Director of Sterlite Power, emphasized the importance of this achievement, stating, “Financial closure marks a crucial milestone in the lifecycle of an infrastructure project. Achieving this feat within such a short timeframe will enable us to expedite the delivery of this vital project, which forms an integral part of the larger Green Energy Corridor aimed at evacuating around 20 GW of renewable energy.”

Sterlite Power took over the BTL SPV (Special Purpose Vehicle) in September 2023 with the objective of executing the inter-state green energy transmission project on a BOOT (build, own, operate, transfer) basis for 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 involves the construction of a 3000 MVA 765/400kV Substation at Beawar and two LILO (loop in, loop out) lines spanning approximately 120 km.

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