Sterlite Power secures Rs 5.8 billion funding for UKTL Project

Sterlite Power has achieved financial closure of the project set up by Udupi-Kasargode Transmission Project Limited (UKTL) and has secured the entire debt funding of Rs 5.8 billion from REC Limited.

The project is an interstate transmission system (ISTS) project across the states of Karnataka and Kerala. It is made up of two critical elements one of which is a 1,000MVA 400/220 kV gas insulated switchgear(GIS) substation to be built at Kasargode in Kerala. The project also involves the construction of a 400kV (Quad) D/c transmission line, extending over about 240 ckm, from Udupi in Karnataka to Kasaragode in Kerala. The project scope also includes supply and installation of two 400kV line bays and bus bar extension at Udupi switchyard.

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