Sterlite Power has secured Rs 2,400 crore funding from state-owned REC Power Development and Consultancy Ltd (RECPDCL) for its Beawar transmission project in Rajasthan. In a statement, Sterlite Power said “it has has successfully achieved financial closure for its Beawar Transmission Limited (BTL) project.” This accomplishment comes within four months of Sterlite Power acquiring the project.
“Financial closure is an important milestone in an infrastructure project’s lifecycle. Achieving this in a short span will help us in expediting the delivery of this critical project – an integral part of the larger Green Energy Corridor that will help evacuate around 20 GW of renewable energy,” Pratik Agarwal, Managing Director, Sterlite Power said.
