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Sterlite Power wins auction for power transmission projects in Brazil

Written by Paulo Nogueira
Published 26/12/2018 às 11:27

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Sterlite Power Brazil contracts

New projects by the Indian Company aim to integrate the generation of renewable energy to the hydro and thermal matrix in the Brazilian energy matrix, understand the company's numbers and short-term plans in the country

In the recently concluded auction of transmission projects in Brazil, Sterlite Power emerged as the winner of lot 13. The project will require an investment of US$ 0,6 billion over the next 3 to 5 years in the southern state of Rio Grande do Sul from the country. This addition increases Sterlite Power's portfolio to 10 projects.

Speaking about Brazil, the company's investment in the region, Sterlite Power group CEO Pratik Agarwal said: “We are proud and honored to be part of the growth story in Brazil. Our drive to work on the toughest transmission projects that strengthen humanity was the cornerstone of our journey in Brazil, we feel committed to the region and look forward to delivering the new project ahead of schedule. ”

Rui Chammas, CEO of Sterlite Power in Brazil, said: “We are happy to have won this project in the current auction. I must congratulate ANEEL for providing a visible pipeline of projects and for the transparent way of conducting these auctions. Sterlite Power is committed to delivering these projects ahead of schedule, leveraging a world-class partner network and local team.”

Brazil's transmission system needs to add significant capacity to manage the transition in the generation footprint: from a hydro and thermal base load to renewable generation.

About SterlitePower

Sterlite Power is a leading global developer of power transmission infrastructure with over 12.500 circuit kms and 20.500 MVA projects in India and Brazil. With an industry-leading portfolio of power conductors, EHV and OPGW cables, Sterlite Power also offers solutions for upgrading, enhancing and hardening existing networks.

The company has set new industry benchmarks through cutting-edge technologies and innovative financing. Sterlite Power is also a sponsor of IndiGrid, the first energy sector of India Infrastructure Investment Trust (“InvIT”), listed on BSE and NSE.

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Paulo Nogueira

With a technical background, I worked in the offshore oil and gas market for a few years. Today, my team and I are dedicated to bringing information from the Brazilian energy sector and the world, always with credible and up-to-date sources.

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