Sterlite Power wins two significant projects in Brazil
Brazil: Sterlite Brazil Participações S.A., a subsidiary of Sterlite Power Transmission, won two lots at the transmission auctions held at B3 in São Paulo.
Image source: Construction Weekly
Brazil: Sterlite Brazil Participações S.A., a subsidiary of Sterlite Power Transmission, won two lots at the transmission auctions held at B3 in São Paulo.
Promoted by the National Electric Energy Agency (ANEEL), a total of 13 lots were auctioned for the construction and maintenance of 5,425 km of transmission lines in Brazil, of which the company won Lot 05 and Lot 09.
Located in the states of Bahia and Sergipe, Lot 05 will focus on developing a 113 km long transmission line and 300 MVA transmission capacity for the state of Sergipe.
Located in the states of Mato Grosso and Pará, Lot 09 will involve building a 505 km long transmission line and 850 MVA capacity to address the energy demands in the regions of Claudia (MT) and Novo Progresso (PA).
“With a strong pipeline of transmission projects, Sterlite Power is making a significant contribution in enhancing access to reliable power in Brazil. Our footprint is further strengthened with these critical project wins. We will continue to make a meaningful impact on the lives of people in Brazil by delivering quality transmission assets in record time,” said Pratik Agarwal, MD, Sterlite Power.
The result of this first auction of 2022 is part of Sterlite’s investment strategy in the country.
“Brazil is very important for our investments, a country where the power sector has a long-term pipeline. We had prepared ourselves well for this auction and, with these two projects, we will continue to contribute to the flow of energy in the regions of Bahia, Sergipe, Mato Grosso and Pará,” said Amitabh Prasad, CEO of Sterlite Power Brasil, commenting on the wins.
In addition to new wins above, the Brazilian subsidiary of the Indian company currently has six projects in the country, three of which will be delivered this year and three are in the project developmental stage.
Source: Construction Weekly
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