Sterlite Power eyes ₹70,000 crore of renewable energy transmission projects
The Hindu
Company to raise ₹1,250 crore from initial public offer
Sterlite Power Transmission Ltd. said it would aggressively bid for business from among the transmission projects worth ₹70,000 crore coming up for auction soon. These projects have been announced for evacuation of green energy from generation centres.
Across the world, power generation is changing from fossil to non-fossil and this is giving rise to a large transmission infrastructure requirement across India and global markets, Pratik Agarwal, MD, Sterlite Power Transmission Ltd said.
“With India aiming to add 500 KW of RE (renewables) by 2030, huge investments are needed in the transmission sector, including the involvement of private sector players in the business.”
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