Sterlite Power, which last bought out its overseas PE investor from the transmission arm, looks to invest about USD 10 billion over the next three-four years to expand business in both domestic and overseas markets.
Sterlite Power has acquired the 28.4% stake in its transmission infrastructure business from Standard Chartered Private Equity (SCPE) for Rs 1,010 crore.
Sterlite Power on Thursday said it has appointed Firdose Vandrevala, former managing director at Tata Power, as part of its advisory board.
Sterlite Power today said it has bagged a contract worth $800 million to construct 1800 km transmission project in Brazil.
The transmission project will increase power supply by 2,000-3,000 MW to the energy starved region and strengthen the transmission network. The financial closure was achieved by YES BANK by underwriting Project Finance Facility of Rs 800 Crores for a period of 15 years for the project.
Sterlite Power Transmission Limited (Sterlite Power) has achieved financial closure for its transmission Project that will increase electricity supply to residential, commercial and industrial establishments in parts of Haryana
This year, Sterlite Power was also honoured by Frost & Sullivan, SKOCH Group, Power Grid and IDC Insights, among others, for its work in project development, manufacturing and information technologies.
India’s leading private sector power transmission company, Sterlite Power Transmission Limited (Sterlite Power) has been honoured by the Central Board of Irrigation and Power (CBIP) for setting new benchmarks in India’s power transmission sector and bringing advanced and innovative technologies to speed up energy delivery.