Beawar project: Sterlite Power gets funding worth Rs 2,400 crore for the project
Renowned power transmission company Sterlite Power has secured Rs 2,400 crore funding from state-owned REC Power Development and Consultancy Ltd (RECPDCL) for its Beawar transmission project.
As per The Economic Times Sterlite said it has successfully achieved financial closure for its Beawar Transmission Limited (BTL) project. The project aims to evacuate around 20 GW of renewable energy and will involve the construction of a 350 km, 765kV transmission corridor and a 3000 MVA 765/400kV substation. Work involves the construction of a 350 km, 765kV transmission corridor that will connect the renewable energy zone at Fatehgarh III to a proposed substation at Beawar.
Sterlite Power acquired the BTL SPV in September 2023 to execute the inter-state green energy transmission project on a BOOT (build, own, operate, transfer) basis, for 35 years.