Sterlite achieves financial close for the Lakadia Vadodara Transmission Project in Gujarat

Subscribe to our newsletter and get the latest news and business opportunities in your inbox

Sterlite Power has achieved financial closure for its Lakadia Vadodara Transmission Project Ltd (LVTPL).

The project is part of India’s Green Energy Corridor (GEC) and will enable the country’s renewable energy target of achieving 175 GW RE by 2022. The project has secured funds worth INR2,024 Crore (US$273.49 million) from IndusInd Bank and L&T Infrastructure Finance.

Sterlite Power had won this project (WRSS 21 – Part B) through tariff-based competitive bidding (TBCB) process that connects the wind energy zones of Bhuj in Gujarat to the load centers in the States of Gujarat and Maharashtra. It involves laying of 330 kms of 765 kV double-circuit transmission line to connect 765/400 kV Lakadia substation to Vadodara substation in Gujarat, in an aggressive timeframe of 18 months.

List of the country updates

Country updates

  • March 06, 2020

    GEDCOL, IFC launch consultancy tender for solar project in Odisha

    The Green Energy Development Corporation of Odisha Ltd (GEDCOL), in partnership with the International Finance Corporation (IFC), has launched a consultancy tender for the development of a solar proje...

    Read more
  • March 02, 2020

    India cancels proposal for 500 MW solar park in Tamil Nadu

    India’s Ministry of New and Renewable Energy (MNRE) has canceled its proposal to develop a 500 MW solar project at Kadaladi in Ramanathapuram district, in the state of Tamil Nadu. The reason fo...

    Read more
  • March 02, 2020

    SolarArise starts the construction of the 75 MW solar project in Uttar Pradesh

    SolarArise India Projects Private Limited (SolarArise) has issued the first part of a Notice to Proceed (NTP) to Jakson Limited to commence the construction at its new 75 MW solar photovoltaic plant i...

    Read more
  • February 27, 2020

    GE to deliver wind turbines for 300 MW Sitac Kabini wind project in Gujarat

    GE Renewable Energy has received an order from the EDF-SITAC joint venture to supply and install 112 of its 2.7 MW wind turbines with 132-meter rotor at the Sitac Kabini wind farm in Gujarat, India....

    Read more
  • February 12, 2020

    Total to buy 50% stake in Adani Group's 2 GW Indian solar portfolio

    Total and Adani Green Energy Limited (AGEL) will create a 50/50 joint venture into which AGEL will transfer its solar assets in operation. The projects are spread over 11 Indian states and have a cumu...

    Read more

Share this update