Sterlite Power, a leading global power transmission player, announced the acquisition of Vapi II North Lakhimpur Transmission Limited (VNLTL), a Special Purpose Vehicle (SPV) from PFC Consulting Limited. Through this SPV, the company will execute a large interstate transmission system (ISTS) project – Western Region Strengthening Scheme-XIX (WRSS-XIX) and North Eastern Region Strengthening SchemeIX (NERSS-IX), which it won through a tariff-based competitive bidding (TBCB) process, under the Build, Own, Operate and Maintain (BOOM) model for 35 years.
The Western Region Strengthening Scheme – XIX (WRSS-XIX) involves setting up of 318 ckm of lines and 1000 MVA transformation capacity across three distinct parts:
• Part A involves setting up 35 ckm lines in Gujarat to help distribute renewable energy being generated in the state to a wider set of consumers.
• Part B aims to establish a 1000 MVA substation in Vapi along with 51 ckm of lines to bring clean nuclear power from Kakrapar Atomic Power Plant in Gujarat for further distribution across the Union Territories of Daman, Diu and Dadra Nagar Haveli.
• Part C aims to set up 179 ckm of lines for critical system strengthening and decongesting the evacuation system in Navi Mumbai area. The link brings an ISTS feed of about 1000 MW into the Mumbai region to cater to its growing energy requirements which is expected to increase owing to Navi Mumbai Airport and Navi Mumbai SEZ, coming up in the region.