JAMMU: Sterlite Power, a leading power transmission developer and solutions provider in India and Brazil, has achieved financial closure for its Kishtwar Transmission Limited (KTL) project located in J&K.
It has successfully secured the entire debt funding of INR 305 crores from Aseem Infrastructure Finance Ltd. – an NBFC–IFC (Infrastructure Finance Company), promoted by the Strategic Opportunity Fund (SOF) of National Investment and Infrastructure Fund (NIIF), with anchor investments from Government of India and Japan’s Sumitomo Mitsui Banking Corporation (SMBC).
Sterlite Power acquires Kishtwar transmission project till 2057
Sterlite Power acquired the KTL SPV in December 2022 to execute the inter-state transmission system project. The project involves construction of a transmission system comprising of a 400/132kV GIS substation at Kishtwar and a 400 kV transmission line from Kishenpur to Dulhasti. The transmission system will aid evacuation of 1000MW of power from Pakaldul Hydro Electric Project to the Kishtwar substation. Apart from bringing additional power flow, it will also help in decongesting the downstream networks in the region, improving the quality and reliability of power flow in Kashmir valley.