Sterlite Power wins the largest project in Brazil Transmission Auction

Sterlite Power wins the largest project in Brazil Transmission

 Key Highlights

  • Wins third transmission project in Brazil; taking total investment to US $ 1 Billion
  • Largest investment by an Indian company in Latin America
  • Potential to create more than 5500 direct jobs


Mumbai, December 18: Sterlite Power participated in the transmission auction held by the Brazilian Government last Friday and won the largest lot of the auction of ~ US $ 800 million. The 1800 km transmission project represented one-third of the total auction value, which had global majors such as State Grid of China, Engie, and Elecnor in the fray. The bid of Sterlite had a discount of 35.72% over the proposed maximum annual revenue and was one of the lowest discounts of the auction, which had an average discount of 40.46%. Sterlite had won two projects in the earlier auction in April 2017.

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