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					</table><p>The <a href="https://powermin.gov.in/" target="_blank" rel="noopener">Ministry of Power</a> will set up 13 hydroelectric projects in Arunachal Pradesh with a cumulative capacity of 13,000 MW in a bid to augment hydroelectric power capacity in the country.</p>
<p>Emphasizing the importance of hydroelectric projects in achieving energy transition, Union Minister of Power and New &amp; Renewable Energy R K Singh said while India has solar and wind capacity, round-the-clock renewable energy is not possible without hydroelectricity.</p>
<p>After reviewing the progress of the 2,000 MW Lower Subansiri hydroelectric project in Arunachal Pradesh, he said the 13 projects will involve an investment of ₹1.4 trillion (~ $1.68 billion).</p>
<p>Construction is also under way for five hydroelectric projects in Jammu &amp; Kashmir, he added.</p>
<p>“Today, our hydropower capacity is 47,000 MW, which is 35% of our available hydropower potential. Developed countries, however, have utilized around 70% &#8211; 80% of their available hydropower potential,” the Minister said.</p>
<p>Singh said that India had added power capacity of 190,000 MW in the last nine and a half years. “Our under-construction capacity in renewables is around 70,000 MW, while in thermal, it is 27,000 MW.” This momentum aligns with India’s target of meeting the projected power demand by 2030.</p>
<p>The Subansiri Lower Hydroelectric Project in Arunachal Pradesh and Assam has achieved dam construction up to an elevation of 210 meters. Progressing over 90%, including key components like the dam and power house, the project is scheduled  to commence electricity generation in FY 2023-24.</p>
<p>At the end of the third quarter in FY 2023-2024, India&#8217;s cumulative installed renewable energy capacity, including substantial hydropower projects, has reached 177.1 GW, accounting for 41.8% of the country&#8217;s total power capacity, according to data from the Central Electricity Authority (<a href="https://cea.nic.in/?lang=en" target="_blank" rel="noopener">CEA</a>), Ministry of New and Renewable Energy (<a href="https://mnre.gov.in/" target="_blank" rel="noopener">MNRE</a>), and <a href="https://mercomindia.com/product/india-solar-project-tracker/" target="_blank" rel="noopener">Mercom’s India Solar Project Tracker</a>.</p>
<p>India has been <a href="https://www.mercomindia.com/dry-august-sparks-demand-across-india" target="_blank" rel="noopener">facing</a> unprecedented power demand, reaching 240 GW on September 1. Coal dominated the energy mix at 70%, hydroelectricity at 14%, and renewables at 9%.</p>
<div class="saboxplugin-wrap" itemtype="http://schema.org/Person" itemscope itemprop="author"><div class="saboxplugin-tab"><div class="saboxplugin-gravatar"></div><div class="saboxplugin-authorname"><a href="https://cms.mercomindia.com/author/staff/" class="vcard author" rel="author"><span class="fn">Staff</span></a></div><div class="saboxplugin-desc"><div itemprop="description"></div></div><div class="clearfix"></div></div></div>

Round-the-Clock Renewables Impossible Without Hydropower: R K Singh


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					</table><p><a href="https://www.sterlitepower.com/" target="_blank" rel="noopener">Sterlite Power</a>, a power transmission infrastructure developer, has achieved financial closure for its Kishtwar transmission project in Jammu and Kashmir (J&amp;K), by securing debt funding of ₹3.05 billion (~$37.38 million) from a non-banking infrastructure finance company, Aseem Infrastructure Finance (<a href="https://aseeminfra.in/" target="_blank" rel="noopener">AIFL</a>).</p>
<p>Sterlite Power recently acquired the Kishtwar transmission project in December 2022 to execute the inter-state transmission system project.</p>
<p>“We are proud to play a role in providing reliable power and building a secure energy future for J&amp;K. This will be our second project in the region after delivering the mega NRSS Kashmir project ahead of schedule,” Akshay Hiranandani, Executive Director- Corporate Finance, Sterlite Power said.</p>
<p>The project involves the construction of a transmission system comprising a 400/132 kV gas-insulated substation at Kishtwar district in J&amp;K and a 400 kV transmission line from Kishenpur village in Samba district to the Dulhasti power project.</p>
<p>The transmission system will aid the evacuation of 1 GW of power from the Pakaldul Hydroelectric project to the Kishtwar substation.</p>
<p>Apart from bringing additional power flow, it will also help decongest the downstream networks in the region, improving the quality and reliability of power flow in Kashmir valley, the company said.</p>
<p>CEO of AIFL, Virender Pankaj said, “Aseem Infra is glad to have supported Sterlite Power by providing long-term debt financing for the Kishtwar project which would contribute immensely to the infrastructure growth story of J&amp;K.”</p>
<p>Sterlite Power currently has a portfolio of 30 completed and under-construction projects covering approximately 14,602 circuit km of transmission lines across India and Brazil. The portfolio includes high-performance power conductors, extra-high voltage cables, and optical ground wires.</p>
<p>In March 2022, the power transmission company <a href="https://mercomindia.com/tata-cleantech-loans-sterlite-transmission-project/" target="_blank" rel="noopener">announced</a> the financial closure of its Nangalbibra-Bongaigaon Transmission Project with debt funding of ₹4.4 billion (~$53.9 million) from Tata Cleantech Capital.</p>
<p>In September, the company’s Mumbai Urja Marg Transmission <a href="https://mercomindia.com/sterlite-commissions-400-kv-transmission-line-evacuate-renewables/" target="_blank" rel="noopener">commissioned</a> a 400 kV transmission line in the Banaskantha, Kansari, and Vadavi regions of Gujarat.</p>
<div class="saboxplugin-wrap" itemtype="http://schema.org/Person" itemscope itemprop="author"><div class="saboxplugin-tab"><div class="saboxplugin-gravatar"></div><div class="saboxplugin-authorname"><a href="https://cms.mercomindia.com/author/gautamee-hazarika/" class="vcard author" rel="author"><span class="fn">Gautamee Hazarika</span></a></div><div class="saboxplugin-desc"><div itemprop="description"><div class="designboxt">
<p><img class="alignleft" style="border-radius: 50%;height: 50px;margin-top: -4px;border: 1px solid #00b451" src="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2022/10/Picture1.jpg" width="50" /></p>
<p><strong style="text-decoration: underline">Gautamee,</strong> Staff reporter at Mercom India<br />
<a href="https://mercomindia.com/author/gautamee-hazarika/" target="_blank" rel="noopener">More articles from Gautamee.</a><br />
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<a href="gautamee@mercomindia.com" target="_blank" rel="noopener">gautamee@mercomindia.com</a></p>
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<div class="authorboxn"><img class="alignleft" src="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2022/10/Picture1.jpg" width="102" height="102" /><a href="https://mercomindia.com/author/gautamee-hazarika/" rel="noopener">Gautamee</a> is a reporter at Mercom India. Prior to Mercom, Gautamee was working as a multimedia news journalist at ThePrint in New Delhi. She has received her Bachelors in English Honors and Masters in English Literature from St.Stephen&#8217;s College, University of Delhi.<a href="https://mercomindia.com/author/gautamee-hazarika/" rel="noopener">More articles from Gautamee</a></div>
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Sterlite Power Secures ₹3 Billion Funding for Transmission Project in J&K

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