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Sterlite Power gets funding worth Rs 580 cr for Udupi-Kasargode Transmission Project

Friday, 18 Jun 2021
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Sterlite Power has secured funding worth Rs 580 crore from REC for Udupi-Kasargode Transmission Project. 
 
The company has completed financial closure of the project set up by Udupi-Kasargode Transmission Project (UKTL). The inter-state transmission system project spans across Karnataka and Kerala. 
 
It is made up of two critical elements, including 1,000 MVA 400/220 kV gas insulated substation (GIS), one of the first GIS substations to be built at Kasargode.
 
In accordance with the letter of award (LoA) received from REC Transmission Projects Company (RECTPCL), the project involves construction of 400 kV (Quad) D/c transmission line, extending over 240 ckm, from Udupi to Kasaragode. 
 
The scope of the project also includes supply and installation of two 400 kV line bays and bus bar extension at Udupi switchyard. 
 
Recently, the company announced an equal partnership with global investment manager AMP Capital to develop greenfield power transmission projects in India, including the UKTL project. In March 2021, the company had successfully completed its transmission project NER-II and subsequently sold it to IndiGrid.
 
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