Power Generation and Distribution

Sterlite Power Transmission is planning a power transmission project in Haryana. The company has achieved financial closure for its transmission project that will increase electricity supply to residential, commercial and industrial establishment in parts of Haryana. The transmission project will increase power supply by 2,000 to 3,000 MW to the energy starved region and strengthen the transmission network. The financial closure was achieved by YES Bank by underwriting project finance facility of Rs. 8,000 million for a period of 15 years for the project. This is a Rs. 10,000 million inter-state power transmission asset in Haryana under the Point of Connection mechanism. The project to be commissioned by a special purpose vehicle, entails 170 kms transmission line and three high-power substations aiming to raise wheeling capacity to get of rid of generators and power cuts besides strengthening the grid network. [Info as of: Jan. `17]

India \ Haryana