Sterlite Technologies wins first independent power project

The East-North interconnection mega transmission project,which aims to evacuate power from the North-East and Eastern states to the Northern region of India is the first Mega Independent Power Transmission Project to be awarded in India. The project involves establishment of two 400KV Double Circuit transmission lines that would respectively connect the Indian states of Assam with West Bengal and Bihar.

The project has been awarded to Sterlite Technologies on a Build,Own,Operate and Maintain BOOM basis,wherein the transmission lines would be commissioned within 3 years and the Company would operate and maintain the same for a minimum tenure of 22 years thereafter. The project,costing about Rs. 800 crores,was won by Sterlite on the basis of its technical and financial credentials through a Tariff based Bidding Process conducted by PFC.

Says Dr Anand Agarwal,CEO amp; Director 8211; Sterlite Technologies Ltd,8221; The award of this Project provides great scope to diversify into the growing sector of Power Transmission with many similar opportunities available in future.