PFC sells Neemrana II Kotputli Transmission to Sterlite Power.

Sterlite Power announced the purchase of PFC Consulting Limited’s (PFCCL) Neemrana II Kotputli Transmission Limited, a Special Purpose Vehicle (SPV).

Power Finance Corporation Limited (PFCCL) is a fully owned subsidiary of Power Finance Corporation Limited (PFC), a Maharatna Public Sector Enterprise.

Sterlite Power was awarded the project in November 2023 via the Tariff Based Competitive Bidding (TBCB) procedure.

The business will construct this Green Energy – project on a BOOT (build, own, operate, transfer) basis over a 35-year term via the Neemrana II Kotputli Transmission Limited SPV.

This is Sterlite Power’s fifteenth TBCB power transmission project in India. With this project, Sterlite Power now manages projects worth Rs 14,000 crore.

“The Neemrana II Kotputli Transmission Limited project is another vital cog in the machine that will accelerate the nation’s transition to a sustainable future,” stated Pratik Agarwal, Managing Director, of Sterlite Power, of the development. “These green energy evacuation initiatives are consistent with our basic mission of providing dependable electricity while limiting the effect of climate change.“

Neemrana II Kotputli Transmission Limited will require the development of two integral components: 1) a 6000 MVA, 765/400kV substation at Neemrana, and 2) two 400 kV transmission lines spanning 250 kilometers, connecting Neemrana to the existing Kotputli substation, and another LILO corridor connecting Neemrana II to the Gurgaon and Sohna substations via the existing Gurgaon-Sohna line.

Sterlite Power was awarded its first green energy project in Rajasthan in March 2023, Fatehgarh III Beawar Transmission Ltd (Phase III, Part G). This was followed in August 2023 by the victory of Beawar Transmission Ltd. (Phase III, Part-F). These green energy projects, when combined with Neemrana II Kotputli Transmission Limited (Rajasthan REZ Ph-IV (Part-1-Bikaner Complex): Part-B), would result in the development of a 950 km transmission line throughout Rajasthan. These corridors will help evacuate a large share of the 20 GW of renewable energy from REZs in Fatehgarh (9.1 GW), Bhadla (8 GW), Ramgarh (2.9 GW), and Bikaner (7.7 GW).

This project contributes to the company’s overall green energy portfolio, bringing the total number of projects under management to nine.

The transportation of electrical energy from a power plant to an electrical substation is known as power transmission. The voltage is converted and supplied to customers or other substations at the substation.

Transmission power may also relate to the movement of one shaft to another. Mechanical power transfer is another term for this. It entails connecting the shafts by anything like a belt, rope, chain, or gears. 

 The quantity of loss may be regulated by altering the thickness of the cable. Thicker cables lose less energy, but they cost more. The lower the transmission cost, the greater the transmission distance.