Sterlite Power has acquired Vapi II North Lakhimpur Transmission Limited (VNLTL), a special purpose vehicle (SPV), from PFC Consulting Limited.
Through this SPV, the company will execute a large inter-state transmission system (ISTS) project Western Region Strengthening Scheme-XIX (WRSS-XIX) and North Eastern Region Strengthening Scheme-IX (NERSS-IX), which it won under the 35-year build, own, operate and maintain (BOOM) model, through a tariff-based competitive bidding process (TBCB).