Sterlite Power advances its business strategy in Brazil

Sterlite Power concluded the sale of three assets in Brazil worth BRL 566 million – Arcoverde, Novo Estado and Pampa. Acquired by Investment Fund Vinci Energia, the Arcoverde project has been in operation since May 2019. It has increased the flow of renewable energy into the Pernambuco region. The Novo Estado project has been acquired by ENGIE Transmissão de EnergiaParticipações while the Pampa project has been acquired by FIP BrasilEnergia and CYMI Construções. The Pampa project entails the construction of three power transmission lines totalling 316 km in length and two substations with a transformation capacity of 1,544 MVA. It is scheduled for completion in March 2023. The company still holds seven projects in several Brazilian regions, which are in different phases of execution.

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