Sterlite Power Completes Gurugram Smart City Optical Fiber Intracity Project

·         Sterlite Power’s Convergence Business Unit has delivered 100% Optical Fiber Network in Gurugram sub city 2 to GMDA to make the city smart and safe

·         The fiber network has provided connectivity to government buildings, business clusters, and used for critical applications like security, surveillance, and e-governance

New Delhi, 16 July 2020: Sterlite Power, a leading global player in power transmission, has completed its Gurugram Smart City project for creating an intracity fiber network for the city’s communication needs. The company’s Convergence Business had entered a PPP (Public-Private Partnership) agreement with GMDA (Gurugram Metropolitan Development Authority) to build, manage and maintain the fiber network in Gurugram sub city 2 for 21 years.

In this project, Sterlite Power has installed four underground ducts that carry fibers connecting all the Bus stops, Schools, Police stations, Government buildings along with various private buildings. Two ducts among these are dedicated to Gurugram smart city’s operation and the other two can be commercially used by communication service providers. The entire route is updated through Geographic Information System (GIS) along with an integrated fiber monitoring system for proactive monitoring as well as preventive and corrective maintenance. 

This Public-Private Partnership has created a world-class optical fiber infrastructure to place Gurugram smart city at par with global standards. It provides fiber connectivity to GMDA’s ICCC (Integrated Command and Control Centre) which served as Gurugram’s Covid-19 war room for distribution of food and relief material.

Sterlite Power’s Convergence Business unit is one of the leading providers of best-in-class dark fiber solutions in the country utilizing its highly reliable OPGW network. The increasing demand for data has received another surge due to the work from home and learn from home arrangements in the pandemic situation, which is becoming the new normal. With future technologies like 5G, IoT, M2M communications, development of intra-city fiber infrastructure turns out to be critical which will enable Telcos, ISPs, MSOs with superior fiber for FTTX. With Sterlite Power’s expertise in designing, deploying, and maintaining Optical Ground Wire (OPGW) and All-Dielectric Self-Supporting (ADSS) fiber networks, we aim to provide best-in-class communication infrastructure and solutions by creating the most reliable network.

About Sterlite Power:

Sterlite Power is a leading global developer of power transmission infrastructure with projects of over 13,670 circuit kms and 24,800 MVA in India and Brazil. With an industry-leading portfolio of power conductors, EHV cables and OPGW, Sterlite Power also offers solutions for upgrading, uprating and strengthening existing networks. The Company has set new benchmarks in the industry by use of cutting-edge technologies and innovative financing. Sterlite Power is also the sponsor of IndiGrid, India’s first power sector Infrastructure Investment Trust (“InvIT”), listed on the BSE and NSE. Sterlite Power has been recognised with prestigious global awards from S&P Global Platts and International Project Management Association (IPMA).

www.sterlitepower.com

Sterlite Power Wins Two Prestigious Awards At The Asset Triple A Asia Infrastructure Awards 2020

Sterlite Power, a leading global power transmission player, has been awarded the ‘Útility M&A Deal of the Year’ and ‘Utility Deal of the Year’ in the Best Deals (South Asia) category at The Asset Triple A Asia Infrastructure Awards 2020. Sterlite Power won the ‘Utility M&A Deal of the Year’ award for attracting KKR and GIC as investors to India Grid Trust (IndiGrid). Sterlite Power was the sponsor of IndiGrid, which is India’s first infrastructure investment trust (InvIT) in the power sector. It also won the ‘Utility Deal of the Year’ award for the 15 billion rupees debt financing deal of its NER II Transmission Limited project.  

Commenting on the marquee award wins, Mr. Pratik Agarwal, Managing Director, Sterlite Power said, “We are extremely delighted to receive the twin honours from The Asset Triple A Asia Infrastructure Awards. Both the awards put a spotlight on the growing importance of the infrastructure sector to the region’s future as well as the rise of power transmission as an asset class with promising returns.”

The Asset Triple A Awards has over two decades of experience in bestowing pre-eminent recognition on the organisations that have excelled in their respective industry. The awards are built upon a stringent methodology that is combined with a rigorous approach in selecting the best institutions and deals. The awards are adjudicated by The Asset’s Board of Editors and their decisions are supplemented by data analytics produced by Asset Benchmark Research, the region’s leading research organization evaluating client experience standards in the financial services industry.

About Sterlite Power

Sterlite Power is a leading global developer of power transmission infrastructure with projects of over 13,670 circuit kms and 24,800 MVA in India and Brazil. With an industry-leading portfolio of power conductors, EHV cables and OPGW, Sterlite Power also offers solutions for upgrading, uprating and strengthening existing networks. The Company has set new benchmarks in the industry by use of cutting-edge technologies and innovative financing. Sterlite Power is also the sponsor of IndiGrid, India’s first power sector Infrastructure Investment Trust (“InvIT”), listed on the BSE and NSE. Sterlite Power has been recognised with prestigious global awards from S&P Global Platts and International Project Management Association (IPMA). www.sterlitepower.com

Swaminathan Subramanian Joins Sterlite Power as Group Chief Human Resource Officer

New Delhi, 7^th July, 2020: Sterlite Power, a leading global power transmission player, today announced the appointment of Mr. Swaminathan Subramanian as the Group Chief Human Resource Officer (CHRO) of the company. In his role, Swaminathan will be responsible for leading the HR function across India and Brazil.

Swaminathan has more than 22 years of experience working across domains like Consulting, Mergers & Acquisitions, Compensation & Benefits and HR Governance with an in-depth exposure to markets in Asia, Africa and Middle East. He has worked with renowned firms like Standard Chartered, Barclays, JP Morgan and Fullerton. Prior to joining Sterlite Power, Subramanian was associated with Reliance Capital as Chief People Officer for Financial Services business of the ADAG Group.

Commenting on the appointment, Mr. Pratik Agarwal, Managing Director, Sterlite Power, said, “We have grown rapidly in the last few years and I am delighted that Swami has joined us as Group Chief Human Resource Officer to steer this strategic function. His strong track record will help us strengthen our culture and attract future ready talent.”

Mr. Swaminathan Subramaniam, Group CHRO, Sterlite Power, added, “I am excited to join Sterlite Power, which has Social Impact underpinning its strategy, Innovation as a way of life and Talent as a key stakeholder shaping its journey. I look forward to working with the leadership team to deliver a meaningful employee experience.”

Swaminathan holds a Bachelor of Technology degree from Jadavpur University, Kolkata and an MBA in HR from XLRI Jamshedpur.

About Sterlite Power:

Sterlite Power is a leading global developer of power transmission infrastructure with projects of over 13,670 circuit kms and 24,800 MVA in India and Brazil. With an industry-leading portfolio of power conductors, EHV cables and OPGW, Sterlite Power also offers solutions for upgrading, uprating and strengthening existing networks. The Company has set new benchmarks in the industry by use of cutting-edge technologies and innovative financing. Sterlite Power is also the sponsor of IndiGrid, India’s first power sector Infrastructure Investment Trust (“InvIT”), listed on the BSE and NSE. Sterlite Power has been recognised with prestigious global awards from S&P Global Platts and International Project Management Association (IPMA).

www.sterlitepower.com

Sterlite Power Successfully Concludes Refinancing of Gurgaon Palwal Transmission Project with HDFC Bank

New Delhi, 6 July 2020: Sterlite Power, a leading global power transmission player, announced the successful refinancing of the loan for Gurgaon Palwal Transmission Limited [GPTL] project, within 3 months of the project becoming fully operational in April 2020. The new financing to prepay the existing project loan of INR 800 crores has been arranged by HDFC Bank. The new facility has been availed at significantly favourable terms demonstrating the considerably improved risk profile of the project post achievement of CoD (Date of Commercial Operation).

With this transaction, Sterlite Power has achieved a reduction of almost 300 basis points in the interest cost to be incurred by the project on a per annum basis. The refinancing of this critical ISTS project also highlights the keen interest of financial institutions in funding power transmission projects with stable long-term cash flows.

Mr. Pratik Agarwal, Managing Director, Sterlite Power, said, "We are pleased to conclude refinancing of our GPTL project loan by India’s leading financial institution, HDFC Bank. It is a testimony of the continued trust reposed on us by the banking and investor community for our ability to deliver challenging projects on time, with the highest standards of quality and safety, while delivering strong returns.”

Successfully commissioned in the month of April 2020, the GPTL project connects ~2000 MW additional power to Gurugram and Palwal areas in the state of Haryana in India. Apart from making Gurugram DG-set free, this project will enable access to reliable power for more than 3 million households in the state. This project has implemented India’s first vertical GIS substations built at Prithla, Kadarpur and Sohna. Apart from saving land, this innovation has resulted in offsetting more than 18,000 tons of CO2 emissions each year as compared to  conventional layout of a similar GIS substation.

About Sterlite Power

Sterlite Power is a leading global developer of power transmission infrastructure with projects of over 13,670 circuit kms and 24,800 MVA in India and Brazil. With an industry-leading portfolio of power conductors, EHV cables and OPGW, Sterlite Power also offers solutions for upgrading, uprating and strengthening existing networks. The Company has set new benchmarks in the industry by use of cutting-edge technologies and innovative financing. Sterlite Power is also the sponsor of IndiGrid, India’s first power sector Infrastructure Investment Trust (“InvIT”), listed on the BSE and NSE. Sterlite Power has been recognised with prestigious global awards from S&P Global Platts and International Project Management Association (IPMA). www.sterlitepower.com

Sterlite Power Acquires WRSS-XIX & NERSS-IX Strengthening Scheme from PFC

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 inter-state transmission system (ISTS) project - Western Region Strengthening Scheme-XIX (WRSS-XIX) and North Eastern Region Strengthening Scheme-IX (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.

The North Eastern Region Strengthening Scheme–IX (NERSS-IX), on the other hand, involves strengthening of the north-eastern transmission network by setting up 85 ckm of lines in the states of Assam and Arunachal Pradesh. The transmission system will facilitate the evacuation of hydro power from 110 MW Pare Hydro-Electric Project situated in Arunachal Pradesh, thereby playing an instrumental role in boosting the green energy agenda of the country.

Commenting on the acquisition, Pratik Agarwal, Managing Director, Sterlite Power, said, “Integrating renewable energy to the grid is the need of the hour. This single project with its various sub-elements brings in clean and green energy from solar, nuclear and hydro for people across the western and north eastern region in India. Further it will play a key role in decongesting the Navi Mumbai transmission corridor while catering to the ever-growing needs of the financial capital - Mumbai. Through such strategic projects, we are happy to be building the renewable energy lifeline for the country.”

Sterlite Power is already constructing its other transmission assets in the states of Maharashtra, Gujarat, Assam and Arunachal Pradesh, including critical corridors that are part of India’s Green Energy Corridor (GEC).

Sterlite Power Commissions 765KV Khandwa Substation in Madhya Pradesh

New Delhi, 23rd April 2020: Sterlite Power, a leading global power transmission player, commissions the 765kV Khandwa substation in Madhya Pradesh, which is part of the Khargone Transmission Limited (KTL) project. Thiswill play an important role in stepping downthe high voltage 1320 MW power from Khargone Power Plantto further distribute it downstream to 50 million households across the states of Madhya Pradesh, Maharashtra and Gujarat.

Sterlite Power has so far commissioned 5 out of 6 elements in the project - 765kV substation at Khandwa, 765 kV DC Khandwa-Indore transmission line, 400 kV DC Khandwa–Khargone transmission line, 400 kV Line in line out (LILO) and Dhule bay extension. With these elements charged, KTL is already generating 55.55% revenue in tariffs.

Sterlite Power won the INR 1370Cr Khargone Transmission project in 2015 through tariff-based competitive bidding process and is executing it under the Build, Own, Operate and Maintain (BOOM) model.

About Sterlite Power

Sterlite Power is a leading global developer of power transmission infrastructure with projects of over 13,670 circuit kms and 24,800 MVA in India and Brazil. With an industry-leading portfolio of power conductors, EHV cables and OPGW, Sterlite Power also offers solutions for upgrading, uprating and strengthening existing networks. The Company has set new benchmarks in the industry by use of cutting-edge technologies and innovative financing. Sterlite Power is also the sponsor of IndiGrid, India’s first power sector Infrastructure Investment Trust (“InvIT”), listed on the BSE and NSE.

www.sterlitepower.com

Sterlite Power Announces Financial Closure of Lakadia Vadodara Transmission Project Worth INR 2,024 Crore from IndusInd Bank and L&T Infrastructure Finance Co Ltd

New Delhi, 3^rd March 2020: Sterlite Power, a leading global developer in power transmission, has achieved financial closure for its Lakadia Vadodara Transmission Project Ltd (LVTPL). This project is part of India’s Green Energy Corridor (GEC) and will enable the country’s renewable energy target of achieving 175 GW RE by 2022. The project has secured funds worth INR 2,024 Crore from IndusInd Bank and L&T Infrastructure Finance.

Commenting on the development, Anuraag Srivastava, Group CFO, Sterlite Power said, “This project is aligned to our country’s renewable energy target of 175 GW RE by 2022. As a leading global developer in power transmission, Sterlite Power aims to deliver and execute large scale renewable energy transmission projects across the country.”

Sterlite Power had won this project (WRSS 21 – Part B) through tariff-based competitive bidding (TBCB) process that connects the wind energy zones of Bhuj in Gujarat to the load centres in the States of Gujarat and Maharashtra. It involves laying of 330 kms of 765 kV double-circuit transmission line to connect 765/400 kV Lakadia substation to Vadodara substation in Gujarat, in an aggressive timeframe of 18 months.

Sterlite Power is renowned for adopting global best practices and innovations for execution of its various projects with a track record of delivering on or ahead of schedule.

About Sterlite Power

Sterlite Power is a leading global developer of power transmission infrastructure with projects of over 13,315 circuit kms and 23,885 MVA in India and Brazil. With an industry leading portfolio of power conductors, EHV cables and OPGW, Sterlite Power also offers solutions for upgrading, uprating and strengthening existing networks. The company has set new benchmarks in the industry by use of cutting-edge technologies and innovative financing. Sterlite Power is also the sponsor of IndiGrid, India’s first power sector Infrastructure Investment Trust (“InvIT”), listed on the BSE and NSE.

Sterlite Power wins IPMA Global Project Excellence Award for NRSS-29 power transmission project in Jammu & Kashmir

• Prestigious global honor from International Project Management Association (IPMA)
• NRSS-29 received the highest honor of ‘Gold Award’ in the mega project category for adopting best in class practices for project management and execution

New Delhi, 16^th October 2019: Sterlite Power, a global leader in power transmission, has been awarded the coveted ‘Gold’ award in the mega sized projects category at the prestigious Global Project Excellence Award 2019 for its Northern Region Strengthening Scheme (NRSS-29) project in Jammu & Kashmir. The award was presented at the 31st IPMA World Congress held on 1^st October 2019 in Mexico.

The NRSS-29 project was one of the largest and toughest private sector transmission projects commissioned in the country till date. This 414 Km long transmission corridor of national importance was constructed by overcoming extreme challenges of terrain and weather. Sterlite Power delivered this critical project ahead of schedule with innovative use of technology, synergistic partnerships and deeper engagement with local communities. The project plays a vital role in bringing reliable power to Jammu & Kashmir, especially during winter months when the region traditionally suffered blackouts. This project had the unique distinction of being dedicated to the nation by Honorable Prime Minister of India, Shri Narendra Modi, earlier this year in February 2019.

Commenting on the milestone, Mr. Pratik Agarwal, Group CEO, Sterlite Power said, “It is a matter of great pride to receive this global honor from IPMA for our NRSS-29 power transmission project which lights up the lives of 12.5 million people of Jammu & Kashmir. We are grateful to our dedicated team of employees and partners who worked relentlessly to overcome massive challenges and deliver one of the toughest transmission projects in the country ahead of schedule.”

Sterlite Power is the first Indian power transmission company to achieve the prestigious Gold category award from IPMA. The project won the highest recognition against strong competition from other industry heavyweights such as China Energy Shenyang Group Co. Ltd, Prysmian Powerlink Srl, Italy and PT. JGC Indonesia. International Project Management Association (IPMA) is the world’s oldest project management association based out of Netherlands. The IPMA award is given to projects across the globe that demonstrate project management excellence. 

About Sterlite Power

Sterlite Power is a leading global developer of power transmission infrastructure with projects of over 13,315 circuit kms and 23,885 MVA in India and Brazil. With an industry-leading portfolio of power conductors, EHV cables and OPGW, Sterlite Power also offers solutions for upgrading, uprating and strengthening existing networks. The Company has set new benchmarks in the industry by use of cutting-edge technologies and innovative financing. Sterlite Power is also the sponsor of IndiGrid, India’s first power sector Infrastructure Investment Trust (“InvIT”), listed on the BSE and NSE.

Sterlite Power receives Brazilian Capital Market Funds by Issuing AAA-Rated Arcoverde Project Debentures

The infrastructure debentures of the Arcoverde project were rated AAA, the best possible risk rating

New Delhi, October 10, 2019 -  Sterlite Power, a leading global developer of power transmission assets, has received funds from newly issued infrastructure debentures rated by Fitch Ratings as AAA (triple A), the best one on the rating scale, for the Arcoverde Project. This is an important milestone for Sterlite as our first infrastructure debentures in the Brazilian capital markets.

“We are pleased with this AAA rating, which attests the financial quality of our projects.” Says Rui Chammas, CEO of Sterlite Power in Brazil.

The rating of Arcoverde Project Debentures issue reflects the operational stage of the project, as well as the legal and regulatory framework of the Brazilian energy sector, associated with the nature of the power transmission segment. The R$ 52 million single-issue transaction has a 23-year term.

With this issuance, the project's long term financing structure will be composed of both infrastructure debentures and BNB's long-term financing. This way, the project guarantees optimized financing conditions.

The Arcoverde project was commissioned in May 2019, 28 months ahead of ANEEL´s schedule, expanding power transmission services to the Pernambuco region with the construction of 129 km of power transmission lines, the installation of a new substation (Arcoverde II) and the expansion of two other current substations (Garanhuns II and Caetés II).

About Sterlite Power

Sterlite Power is a leading global developer of power transmission infrastructure with projects of over 13,315 circuit kms and 23,885 MVA in India and Brazil. With an industry-leading portfolio of power conductors, EHV cables and OPGW, Sterlite Power also offers solutions for upgrading, uprating and strengthening existing networks. The Company has set new benchmarks in the industry by use of cutting-edge technologies and innovative financing. Sterlite Power is also the sponsor of IndiGrid, India’s first power sector Infrastructure Investment Trust (“InvIT”), listed on the BSE and NSE.

Flora Haixia Zhao joins Sterlite Power as an Independent Director

New Delhi, 20^th September 2019: Sterlite Power, a global leader in power transmission, today announced the appointment of Ms Flora Haixia Zhao as an independent director of the company. Ms Zhao is a respected leader in the global energy sector, and has held leadership positions in companies such as BP and AES. She will advise the Board and leadership team on matters related to strategy and global expansion.

Commenting on the appointment, Mr Pratik Agarwal, Group CEO, Sterlite Power, said, “We are delighted to have someone of Ms Flora Zhao’s calibre and experience join our Board. Her wealth of experience in the energy and infrastructure sector will be of immense value in guiding our strategic decisions and global expansion.”

Ms. Flora Haixia Zhao, Independent Director, Sterlite Power, added, “I am excited to join the Board of Sterlite Power, and look forward to working with the leadership team.” 

Ms Zhao holds Bachelor of Engineering (BE) degree from Zhejiang University, China and MS from University of Maryland, USA.

About Sterlite Power

Sterlite Power is a leading global developer of power transmission infrastructure with projects of over 13,315 circuit kms and 23,885 MVA in India and Brazil. With an industry-leading portfolio of power conductors, EHV cables and OPGW, Sterlite Power also offers solutions for upgrading, uprating and strengthening existing networks. The Company has set new benchmarks in the industry by use of cutting-edge technologies and innovative financing. Sterlite Power is also the sponsor of IndiGrid, India’s first power sector Infrastructure Investment Trust (“InvIT”), listed on the BSE and NSE.

Sterlite Power heralds in Robotic Technology ‘Skyrob’ for safe & efficient OPGW stringing on high voltage lines.

Sterlite Power heralds in Robotic Technology ‘Skyrob’ for safe & efficient OPGW stringing on high voltage lines

Launch of Robotic Technology ‘Skyrob’ for Live-line work on high voltage power lines

‘Skyrob’ significantly reduces human intervention during operations and ensures safety

Technology aimed at enhancing speed of operation 3X times

New Delhi, 29th August 2019: Sterlite Power, a leading global developer of power transmission assets, has pioneered robotic technology for the installation of Optical Ground Wire (OPGW) on high voltage power transmission lines under energized (‘live-line’) conditions. For the first time in India, this method will be deployed to replace existing earth wire.  Skyrob assisted operations for OPGW stringing will enhance safety and accelerate speed as well as quality of projects. Furthermore, Skyrob can perform visual inspection and health monitoring of existing earth wire and  conductors of the transmission line.

Launching this latest technology with OPGW stringing of the 400 kV Gurgaon-Bhiwadi line, Mr. Pravin Agarwal, Group Chairman, Sterlite Power, said, “ Innovation is a core value which inspires us to push technological boundaries and develop state of the art solutions, addressing customer challenges through the framework of time, space and capital. We put a very high premium on safety, and it is paramount for us across the group”

Mr. Manish Agarwal, CEO, Solutions Business, Sterlite Power Transmission Ltd. said, “We are encouraged by the government’s progressive steps towards uptake of fiber-based communication systems for grid reliability and control. Innovations like ‘Skyrob’ will accelerate the roll out of these systems to replace legacy protection and communication systems”

A reliable energy delivery system requires resilient infrastructure and the increasing complexity of Grid operations significantly necessitates dynamic monitoring of Grid conditions on a real-time basis. To enable this, Sterlite Power delivers OPGW based communication systems having reliability, availability, security of the highest order and least latency delivering over 8000+ km of OPGW under live line conditions.

About Sterlite Powe

Sterlite Power is a leading global developer of power transmission infrastructure with projects of over 13,315 circuit kms and 23,885 MVA in India and Brazil. With an industry-leading portfolio of power conductors, EHV cables and OPGW, Sterlite Power also offers solutions for upgrading, uprating and strengthening existing networks. The Company has set new benchmarks in the industry by use of cutting-edge technologies and innovative financing. Sterlite Power is also the sponsor of IndiGrid, India’s first power sector Infrastructure Investment Trust (“InvIT”), listed on the BSE and NSE.