The east-north interconnection transmission project aims to evacuate power from the north-east and eastern states to the northern region of India. Under the contract, Sterlite will build two 400KV double circuit transmission lines that will respectively connect the Indian states of Assam with West Bengal and Bihar.
Sterlite bagged the project on a build, own, operate and maintain basis. The transmission lines are expected to be commissioned within three years, and the company will operate and maintain the same for a minimum tenure of 22 years thereafter.
Anand Agarwal, CEO and director of Sterlite, said: “The award of this mega project to Sterlite is a great achievement for the company. This is in line with our vision to become a leading player in power transmission. The award of this project provides great scope to diversify into the growing sector of power transmission with many similar opportunities available in future.”
The Government of India has initiated a scheme for development of independent power transmission projects through private sector participation.
