Sterlite Power Wins Prestigious Transmission Project In Brazil - GADGETS & INNOVATIONS


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Wednesday, December 26, 2018

Sterlite Power Wins Prestigious Transmission Project In Brazil

The company's investment in Brazilian transmission sector crosses USD 2bn
Project includes 6 substations; 1.544 MVA

In the recently concluded auction for transmission projects in Brazil, Sterlite Power emerged as the winner for Lot 13. The project will require an investment of USD 0.6 billion over the period of next 3-5 years in the state of Rio Grande do Sul, south region of the country. This addition increases the portfolio of Sterlite Power to 10 projects.

Rui Chammas, Sterlite Power CEO in Brazil, said, "We are happy to have won this project in the current auction. I must congratulate ANEEL for providing a visible pipeline of projects and for the transparent way of conducting these auctions. Sterlite Power is committed to delivering these projects ahead of schedule by leveraging a network of partners and a top-class local team."

Brazil's transmission system needs to add significant capacity to manage the transition in generation footprint: from a hydro and thermal baseload to renewable generation.

MUMBAI, India, December 24, 2018

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