Sterlite Power on Wednesday said it has received a letter of intent to set up an electricity transmission project in Jammu & Kashmir. The project has been awarded to Sterlite Power through a tariff-based competitive bidding process (TBCB), a company statement said.
The leading power transmission developer has received the letter of intent (LoI) from Power Finance Corporation Consulting Limited to build, own, operate and maintain a critical transmission project in Jammu and Kashmir for a period of 35 years, it added.
The project comprises a 400/132kV GIS substation at Kishtwar and 400 KV LILO (line in line out) of approximately 10 route kilometres of Kishenpur - Dulhasti transmission line at the Kishtwar substation.
Sterlite Power Managing Director Pratik Agarwal said, "This is the second mega project that Sterlite Power would be executing across the challenging terrains. We will leverage our expertise and prior experience to deliver this critical project in a timely manner".