Sterlite Power has acquired Fatehgarh III Beawar Transmission, a special purpose vehicle (SPV), from PFC Consulting Limited.
The project was awarded to Sterlite Power through tariff-based competitive bidding process in March 2023. Through the Fatehgarh III Beawar Transmission Limited SPV, the company will set up a critical transmission project in Rajasthan on build-operate-transfer mode for 35 years. The project will involve constructing a 350 km, 765 kV transmission corridor from Fatehgarh III to Beawar in Rajasthan. It will enable evacuation of a part of 20 GW of renewable power from renewable energy zones in Fatehgarh (9.1 GW), Bhadla (8 GW) and Ramgarh (2.9 GW) areas of the state.