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Sterlite Grid commissions Rs 500-cr transmission line

The Hindu Business Line:  September, 2013

Mumbai: Sterlite Grid has commissioned a 23-km 400 kV double-circuit quad transmission line connecting Purnia and Bihar Sharif district substations in Bihar.

Sterlite Grid is a wholly-owned subsidiary of Sterlite Technologies.

The project cost is about Rs 500 crore. Awarded on build, own, operate and maintain (BOOM) basis, the project will provide annuity revenue to Sterlite Grid for 25 years. Sterlite Grid said it was selected to build the country’s first ultra mega transmission projectwith two 400 kV transmission lines under tariff-based competitive bidding.

The line provides critical connectivity for power transfer from hydro power plants in the North Eastern region. It will bring on line enough transmission capacity to power over one million homes in northeast Bihar and northern India.

The line had been identified highest priority by Power System Operation Corporation, the national power grid operator.

With the completion of the Purnia-Bihar Sharif transmission line, Sterlite Grid has completed the installation of one transmission line in the East North Interconnection Transmission Project. ENICL would connect Assam with West Bengal and Bihar.

Total investment in ENICL project is about Rs 1,000 crore, besides which the company has Rs 3,500 crore worth of projects in progress.