Sterlite Power acquires Nangalbibra-Bongaigaon transmission project
Power transmission infrastructure developer Sterlite Power on Tuesday said it has acquired the Nangalbibra-Bongaigaon inter-state transmission project from PFC Consulting. Nangalbibra-Bongaigaon Transmission Ltd is a Special Purpose Vehicle (SPV).
Through this SPV, the company will execute the inter-state transmission system (ISTS) project which it won through tariff-based competitive bidding (TBCB) in October 2021, a company statement said.
The company, however, did not disclose the financial details of the transaction.
The project involves setting up of around 300 ckt km (Circuit km) of transmission lines network and greenfield substation with 320 MVA transformation capacity across North-Eastern terrain of Assam and Meghalaya.
