News
Mumbai
Resonia (erstwhile Sterlite Power) has taken over acquisition the inter-state transmission project, Lakadia-Vadodara Transmission Project, from the nodal agency for the project PFC Consulting, the company said Tuesday.
Resonia won this project through tariff-based competitive bidding process and would execute it under the build, own, operate and maintain model for 35 years in Gujarat.
"The project is aligned to enable the country’s renewable energy target of installing 175 gigawatts by 2022 and connects the wind energy zones of Bhuj in Gujarat to the load centres in the states of Gujarat and Maharashtra," the company said.
The project involves laying 350 kms of 765 kV double-circuit transmission line connecting 765/400 kV Lakadia substation to Vadodara substation in Gujarat. It will be executed in 18 months.
With this project, Resonia now has he company has inter-state transmission projects in 22 states with a cumulative transmission line network of more than 9000 circuit km and 16,000 MVA transformation capacity.
Read more: The Economic Times
About Resonia
Resonia is one of India's leading developers of power transmission infrastructure, building and operating the grid assets that move electricity from where it is generated to where it is needed most.
Operating in one of the world's largest greenfield transmission markets, Resonia has established a proven end-to-end model — developing critical assets across India's most complex geographies, then monetising them through a disciplined capital recycling strategy. To date, the company has monetised assets worth over US$1 billion, and sponsored IndiGrid, India's first power transmission InvIT, which attracted marquee global investors including KKR and GIC.
Resonia offers a rare combination: world-class execution capability, a demonstrated monetisation track record, and a front-row position in India's accelerating energy transition.
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Abhishek Gaur
Chief Manager – PR & Communications
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