Sterlite Power acquires Beawar Transmission to develop power project in Rajasthan
Sterlite Power on Friday said it has acquired Beawar Transmission Ltd for developing an electricity transmission project in Rajasthan.
Beawar Transmission is a Special Purpose Vehicle (SPV) of REC Power Development and Consultancy Ltd.
The SPV was awarded to Sterlite Power through tariff-based competitive bidding in August, a company statement said.
“Sterlite Power announces the acquisition of Beawar Transmission Ltd from REC Power Development and Consultancy Ltd, a wholly owned subsidiary of REC Ltd,” it said.
