Sterlite Power announced on Monday that it has acquired Khavda IV C Power Transmission Ltd, a Special Purpose Vehicle (SPV) responsible for the evacuation of renewable energy from the Khavda Renewable Energy (RE) Park.
This acquisition is part of the Phase-IV transmission project, which aims to evacuate an additional 7 GW of renewable energy from the Khavda RE Park. The project is expected to be commissioned within 24 months of the acquisition, according to the company’s statement.
Sterlite Power secured this project, known as Khavda Phase-IV (7GW): Part C, from REC Power Development and Consultancy Ltd. The project involves developing a transmission system to evacuate power from the renewable energy zone in Gujarat’s Khavda region.
The Khavda RE Park, with a capacity of 30 GW of hybrid renewable energy (solar and wind), was inaugurated by Prime Minister Narendra Modi in December 2020, and is located near the Indo-Pak border.
This project marks Sterlite Power’s second green energy transmission initiative in Gujarat and its fifth overall green energy evacuation project. The Phase IV, Part C project includes constructing a 258 km, 765kV transmission corridor linking South Olpad (GIS) substation to Boisar-II (GIS) substation, along with a 6,000 MVA, 765/400/220kV GIS substation at Boisar-II.
Additionally, the project will see the construction of two LILO (Line-In-Line-Out) lines spanning around 162 km and terminating at Boisar-II, as well as a 21 km, 400kV transmission corridor connecting Boisar-II (GIS) substation to Velgaon (GIS) substation. Furthermore, the project involves the implementation of STATCOM (Static Synchronous Compensator) systems at Boisar-II and Navsari substations.
“This project is a crucial step in our efforts to reduce carbon emissions and enhance green energy transmission infrastructure in India,” said Pratik Agarwal, Managing Director of Sterlite Power, in a statement. The development of this infrastructure will bolster Maharashtra’s energy network, particularly benefiting the Mumbai Metropolitan Region (MMR) and Pune, he added. The bidding process for this project was coordinated by REC Power Development and Consultancy Ltd., with significant participation from major players like Sterlite Power, PGCIL, and Adani Transmission.
