News
New Delhi
Resonia (Erstwhile Sterlite Power), on Saturday said it has commissioned a 200km long 400 KV transmission line to Rajasthan Atomic Power Project that would disburse power to Madhya Pradesh, Punjab and Haryana.
The company informed the stock exchanges that the transmission line would strengthen transmission systems of the Rajasthan project and help in swapping power between the Northern and Western grids.
“We are proud to commission the project ahead of schedule, a first for the transmission projects awarded under tariff-based competitive bidding,” a company statement said quoting Pravin Agarwal, chairman, Resonia.
The statement said the government allows projects that are completed ahead of schedule to earn tariff from the date of actual commissioning and that Resonia’s Rajasthan project would be eligible for it.
With this,Resonia has commissioned four out of seven projects in eight states.
It added that its ongoing projects in Purulia and Kharagpur and in Maheshwaram were also on track.
Resonia recently won a Rs.2,596 crore transmission project in Odisha under competitive bidding.
The government intends to auction transmission projects with a cost of about Rs.1 trillion which would be awarded through tariff-based competitive bidding.
PS: Resonia was formerly known as Sterlite Power
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.
Media Contact
For press inquiries, interviews, or additional information, please contact our communications team.
Abhishek Gaur
Chief Manager – PR & Communications
abhishek.gaur1@resonia.com
