On Monday, Sterlite Power announced the strategic acquisition of Khavda IV C Power Transmission Ltd, a Special Purpose Vehicle (SPV) dedicated to the evacuation of renewable energy from the Khavda Renewable Energy (RE) park. This acquisition marks a significant step in the company’s efforts to strengthen India’s green energy infrastructure.

Phase-IV Transmission Project: Aiming for 7 GW Renewable Energy

The Khavda Phase-IV transmission scheme is a critical component of the renewable energy expansion in Gujarat, targeting the evacuation of an additional 7 GW of green energy from the Khavda RE park. The project, which is set to be commissioned within 24 months from the acquisition date, underscores Sterlite Power’s commitment to accelerating the transition to sustainable energy sources.

Acquisition from REC Power Development and Consultancy Ltd

The acquisition of Khavda IV C Power Transmission Ltd was facilitated through a transaction with REC Power Development and Consultancy Ltd. Sterlite Power emerged victorious in the competitive bidding process for the Khavda Phase-IV (7GW): Part C project, demonstrating its expertise and commitment to developing essential transmission systems in the region.

Khavda RE Park: A Major Renewable Energy Hub

Located near the Indo-Pak border in Gujarat, the Khavda RE park is one of India’s most ambitious renewable energy projects, boasting a capacity of 30 GW generated from a hybrid of solar and wind energy. The park was inaugurated by Prime Minister Narendra Modi in December 2020 and plays a pivotal role in India’s renewable energy ambitions.

Sterlite Power’s Commitment to Green Energy

This acquisition marks Sterlite Power’s second green energy transmission project in Gujarat and its fifth overall. The company’s focus on green energy transmission is evident in its involvement in such large-scale projects, aimed at reducing the carbon footprint and bolstering India’s renewable energy capabilities.

Key Components of the Phase IV, Part C Project

The project involves the construction of several critical components, including a 258 km, 765kV transmission corridor linking South Olpad (GIS) Substation to Boisar-II (GIS) Substation. Additionally, a 6,000 MVA, 765/400/220kV GIS Substation will be built at Boisar-II, alongside two LILO (Line-In Line-Out) lines spanning 162 km that will also terminate at Boisar-II. 

Moreover, the project entails a 21 km, 400kV transmission line connecting Boisar-II (GIS) Substation to Velgaon (GIS) Substation, and the implementation of STATCOM systems at the Boisar-II and Navsari substations, ensuring robust and reliable transmission infrastructure.

Enhancing Energy Infrastructure in Maharashtra

Pratik Agarwal, Managing Director of Sterlite Power, emphasized the importance of this project in enhancing the green energy transmission infrastructure across India, particularly within Maharashtra. The development will significantly strengthen the energy network, particularly benefiting the Mumbai Metropolitan Region (MMR) and Pune, addressing the growing energy demands of these urban centers.

Bidding Process and Competitive Landscape

The bidding process for this prestigious project was coordinated by REC Power Development and Consultancy Ltd, with Sterlite Power competing against other major players, including PGCIL and Adani Transmission. Sterlite Power's success in securing the project reflects its competitive edge and strong expertise in the power transmission sector.