Country for PR: United Kingdom
Contributor: PR Newswire Europe
Friday, April 12 2019 - 23:30
Sterlite Power Signs Concession Agreement for the Pampa Project in Rio Grande do Sul
NEW DELHI, April 12, 2019 /PRNewswire-AsiaNet/ --

- The agreement for batch 13, won at energy transmission auction held by ANEEL 

    Sterlite Power announced the signing of the Concession Agreement for batch 
13, won in auction No. 04/2018. The Director General, ANEEL and authorities 
representing the Brazilian Government were present for the signing. The 
agreement was finalized during the first technical management meeting with 
ANEEL's Superintendency of Concessions, Permissions and Authorizations for 
Transmission and Distribution (SCT). 


    The batch includes the construction of 3 energy transmission lines, for a 
total length of 316 km, two substations and 1,544 MVA transformation capacity, 
with Annual Allowed Revenue (RAP) of BRL 74.72 million and an investment of BRL 
777.8 million. According to ANEEL's deadline, the project is expected to be 
completed in March 2023, and signing the concession agreement represents an 
important milestone in its evolution. 

    Ved Mani Tiwari, CEO – Global Infrastructure Business, Sterlite Power said, 
"Brazilian power sector is characterized with policy and regulatory maturity. 
Given the strong contractual framework, including long concession tenures (30 
years) and inflation-protected revenues (which help lower the forex risk), the 
Brazil market presents us with clear vision to implement projects in time bound 
manner. We hope to replicate our successes in India in Brazil too."

    "We are pleased with the ceremony and the meetings held today. They 
represent the advancement to the next stage in this project's timely 
completion," declared Rui Chammas, the company's CEO in Brazil. "We are in the 
process of acquiring various licenses to ensure total compliance to the highest 
standards," he added.

    About Sterlite Power

    Sterlite Power is a leading global developer of power transmission 
infrastructure with projects exceeding 12,500 km in circuits and 20,500 MVA in 
India and Brazil. With a market-leading portfolio in power conductors, EHV and 
OPGW cables, Sterlite Power also provides solutions for updating, improving and 
reinforcing existing networks. The company has set new benchmarks in the 
industry through cutting-edge technologies and innovative financing. Sterlite 
Power also sponsors IndiGrid, the first Infrastructure Investment Company in 
the energy industry in India ("InvIT"), listed on BSE and NSE. For further 
details, please visit

   Speyside Group 

   Source: Sterlite Power Grid Ventures Limited