PFC to fund Vapi project, extends Rs 2,070 crore to Sterlite Power
Mumbai: Leading transmission player Sterlite Power on Tuesday said it has achieved financial closure for the Vapi II North Lakhimpur Transmission project by securing the entire debt funding of Rs 2,070 crore from Power Finance Corporation. The financial closure is achieved within four months of the SPV acquiring the project in June this year.
The project is one of the largest inter-state transmission systems covering the Western region strengthening scheme-XIX and the North Eastern region strengthening scheme-IX, the company said in a statement.
