Sterlite Power wins prestigious transmission project in Brazil

 Sterlite Power wins lofty transmission project in Brazil

The organization's interest in Brazilian transmission area crosses USD 2bn

Project incorporates 6 substations; 1.544 MVA

Mumbai, 24 December 2018: In the as of late closed sell off for transmission projects in Brazil, Sterlite Power arose as the victor for Lot 13. The undertaking will require a venture of USD 0.6 billion over the time of next 3-5 years in the territory of Rio Grande do Sul, south area of the country. This expansion expands the arrangement of Sterlite Power to 10 ventures.

Discussing Brazil and the organization's interest in the area, the Group CEO of Sterlite Power, Pratik Agarwal said, "We feel pleased and respected to be important for the Brazilian development story. Our inspiration to deal with the hardest transmission projects that enable humankind has been the foundation of our excursion in Brazil. We feel focused on the district and anticipate conveying the new venture early".

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Rui Chammas, Sterlite Power CEO in Brazil said, "We are glad to have won this venture in the ongoing sale. I should salute ANEEL for giving a noticeable pipeline of tasks and for the straightforward approach to leading these closeouts. Sterlite Power is focused on conveying these undertakings early by utilizing an organization of accomplices and a top-class nearby group."

Brazil's transmission framework necessities to add huge ability to deal with the progress in age impression: from a hydro and warm baseload to sustainable age.

About Sterlite Power

Sterlite Power is a main worldwide designer of force transmission foundation with ventures of north of 12,500 circuit kms and 20,500 MVA in India and Brazil. With an industry-driving arrangement of force guides, EHV links and OPGW, Sterlite Power additionally offers answers for updating, uprating and reinforcing existing organizations. The Company has set new benchmarks in the business by utilization of state of the art advances and imaginative supporting. Sterlite Power is additionally the backer of IndiGrid, India's most memorable power area Infrastructure Investment Trust ("InvIT"), recorded on the BSE and NSE.

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