Sterlite Power gets ₹305 cr funding from Aseem Infra Finance for transmission project
Sterlite Power on Wednesday said it has received funds worth ₹305 crore from Aseem Infrastructure Finance to set up the Kishtwar Transmission Limited (KTL) project located in Jammu & Kashmir.
The project involves construction of a transmission system comprising of a 400/132kV GIS substation at Kishtwar and a 400 kV transmission line from Kishenpur to Dulhasti.
The transmission system will aid evacuation of 1000MW of power from Pakaldul Hydro Electric Project to the Kishtwar substation.
Apart from bringing additional power flow, it will also help in decongesting the downstream networks in the region, improving the quality and reliability of power flow in Kashmir valley.
“We are pleased to conclude this deal with Aseem Infrastructure Finance Limited in record time. We are proud to play a role in providing reliable power and building a secure energy future for J&K. This will be our second project in the region after delivering the mega NRSS Kashmir project ahead of schedule,” said Akshay Hiranandani, Executive Director- Corporate Finance, Sterlite Power.
