Sterlite Power gets funding worth Rs 1,373 crore for transmission project
Power transmission company Sterlite Power has secured Rs 1,373 crore in funding from the state-owned Power Finance Corporation (PFC). The funding is for its Neemrana II Kotputli Transmission Limited (NKTL) project. The firm has acquired the Neemrana II Kotputli Transmission Limited SPV in November 2023 to execute the green energy corridor on a Build, Own, Operate, and Transfer (BOOT) basis for 35 years.
As per the firm, the network will establish vital interconnections, linking the Neemrana substation to the existing Kotputli substation, while also facilitating a LILO (Line-In Line-Out) that will integrate the Neemrana II substation with the Gurugram and Sohna substations through the existing Gurugram-Sohna line.
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