Sterlite Power is planning an investment of $4 billion by 2022 in power projects in Brazil where it has won orders last year to build transmission lines, the company said on Saturday.
Sterlite Power, which won orders to build power transmission lines in Brazil last year, is mulling an investment of USD 4 billion in energy projects in Brazil by 2022.
Sterlite Power today announced it has received a $47 million order from GS Group of South Korea for supply of a High-Performance Conductor.
Sterlite Power, which is keen on building the undersea cables that will transmit electricity from India’s first offshore wind farm, off the Gujarat coast, to the national grid, is looking to partner with foreign wind developers to jointly bid for the 1GW project, according to two people close to the development.
Sterlite Power, which sponsors the India Grid (IndiGrid) infrastructure investment trust, aims to grow the latter’s assets under management to Rs30,000 crore by FY22.
Sterlite Power’s Optical Ground Wire (OPGW) facility in Silvassa has been granted a prestigious accreditation by National Accreditation Board for Testing and Calibration Laboratories (NABL).
Power transmission company Sterlite Power, which recently won projects in Brazil worth $1 billion, is eyeing more international projects for increasing its global footprint.
The project will deliver an incremental 400kV feed to Goa and scale up the transmission network for power evacuation from generation projects pooled at Raigarh (Chhattisgarh), a Sterlite Power statement said.
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.