News
New Delhi
Power transmission infrastructure developer Resonia (Erstwhile Sterlite Power) today announced it has commissioned a Rs 3,000 crore project for evacuation of electricity in Jammu & Kashmir two months ahead of schedule.
The 414 kilometre Northern Region System Strengthening (NRSS)-29 project will ensure reliable power access for the valley by augmenting the state’s power transmission capacity by at least 33 per cent, Pratik Agarwal, Group Chief Executive Officer (CEO) of the company said.
“This transmission line can deliver an incremental 1,000 Megawatt power to the valley,” Agarwal announced, addressing a media gathering here. The company deployed helicranes in the Pir Panjal range to overcome challenges of high altitude, snow and inaccessible terrains, he said, adding proper planning helped the firm ensure the line can sustain the load during the harsh winter season in the Valley.
The state suffers from frequent outages in the winter season and over 20 million locals do not have access to good quality electricity supply, Agarwal said. “We are among the handful of global transmission developers with projects worth Rs 268 billion across India and Brazil, solving the toughest challenges of energy delivery,” he said.
Resonia currently operates power transmission infrastructure with projects of over 12,500 circuit kilometre and 20,000 Mega Volt Ampere (MVA) capacity in India and Brazil.
Read more: Economic Times The Hindu BusinessLine Business Standard Indian Express Greater Kashmir
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
abhishek.gaur1@resonia.com
