Sterlite Power to focus on renewable energy, says company’s MD Pratik Agarwal

NEW DELHI: A top executive at Sterlite Power said 80 per cent of the company’s new transmission bids and tenders will be for projects related to renewable energy, a move to pivot into the clean energy space.

“Government’s ambitious vision to achieve 450GW of renewable energy capacity by 2030 with an interim target of 175GW by 2022 has created immense opportunities for power transmission to evacuate green energy,” Pratik Agarwal, MD of Sterlite NSE 2.28 % Power, told ET. “Sterlite Power will participate in this massive effort for greening the grid, and we see about 80 per cent of our new projects to be linked to transportation of renewable energy.”