Sterlite Power signs concession agreement for the Pampa Project
Sterlite Power has announced the signing of the Concession Agreement for batch 13, won in auction No. 04/2018. 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 Brazilian Electricity Regulatory Agency's (ANEEL) 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."
@EPC World Media