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New Delhi
Resonia (erstwhile Sterlite Power) on Friday said it has won two inter-state power transmission projects worth over Rs 3,000 crore.
One of the projects bagged by the company is the Udupi-Kasargode project which will decongest the ISTS (Inter State Transmission System) corridor and facilitate smoother power flow within Karnataka and Kerala, Resonia said in a statement.
The other win is the GEC project of Lakadia-Vadodara (WRSS 21-Part B) in Gujarat. The project will help connect the wind energy zones of Bhuj region to the load centres of Gujarat and Maharashtra. With these wins, Resonia adds renewable transmission to its portfolio in India.
"These projects awarded through competitive bidding have secured much lower tariff than the cost-plus tariff estimate and thus play a crucial role in enabling access to affordable power envisioned by the government," Pratik Agarwal, Chairman, Resonia said.
The Udupi project consists of 400 KV transmission line (120 km) from Udupi in Karnataka to Kasaragode in Kerala along with a 400 KV GIS substation.
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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