Sterlite Power Wins Contract to Evacuate 20 GW Renewable Energy in Rajasthan
The company will construct the ISTS project under the BOOT framework
Power transmission company Sterlite Power has been awarded the contract for an inter-state transmission system (ISTS) project to evacuate 20 GW of renewable energy in Rajasthan under Phase-III Part F. The company received a letter of intent from REC Power Development and Consultancy (RECPDCL), a fully-owned subsidiary of REC.
The LoI authorizes Sterlite Power to construct the project under the build, own, operate, transfer (BOOT) framework for 35 years.
The Phase III, Part F initiative encompasses three core components:
- Establishing a 765 kV transmission corridor spanning 350 km, connecting the Fatehgarh III renewable energy zone to the Beawar substation.
- Erecting a 3,000 MVA 765/400 kV substation at Beawar.
- Creating two Loop-In Loop-Out (LILO) lines, covering an estimated distance of 120 km.
Furthermore, the project will also incorporate a Static Synchronous Compensators (STATCOM) system at the Fatehgarh III substation.
RECPDCL first floated the tender in February 2022. The other qualified bidders include Power Grid Corporation of India, Adani Energy Solutions, and Megha Engineering & Infrastructures.
Sterlite must commission the project within 18 months starting from the effective date.
If Sterlite Power is unable to initiate the projects on schedule, they will be charged liquidated damages amounting to 3.33% of the monthly transmission charges related to the project for every day of delay up to 60 days.
Subsequently, the rate will increase to 5% of the monthly transmission charges for each day of delay beyond that initial 60-day period.
Pratik Agarwal, Managing Director, Sterlite Power, said, “We are very happy to win our second green energy corridor project in Rajasthan. The development of these critical renewable infrastructure assets is indeed a significant step toward advancing India’s renewable energy goals.”
In March, Sterlite Power bagged an interstate transmission system (ISTS) project to evacuate 20 GW of power from renewable energy zones in Rajasthan under Phase III, Part-G.
Combined with Part F, this project will encompass the construction of a 700 km transmission corridor. This corridor is expected to play a crucial role in transporting a substantial portion of the 20 GW of renewable energy from areas rich in green power, like Fatehgarh (9.1 GW), Bhadla (8 GW), and Ramgarh (2.9 GW).
In March, the company successfully commissioned the Lakadia-Vadodara Transmission Project (LVTPL), part of the green energy corridor initiative. The project is designed to evacuate over 5 GW of renewables from Bhuj and Kutch to the national grid.