Articles tagged under: Sterlite

Sterlite Power concludes refinancing of LVTPL Green Energy Corridor Project in Gujarat

February 14, 2024

Gandhinagar: Sterlite Power, a leading power transmission developer and global products and services provider, today announced the successful refinancing of the Lakadia-Vadodara Transmission project loan within 12 months of the project becoming fully operational in January 2023. The new financing from HDFC Bank, IIFCL and Bank of Baroda will enable prepayment of the existing project loan of approximately INR 1840 crores. The new refinancing secures a reduced interest rate of ~8.25% p.a.p.m, a...Read More

Sterlite Power completes acquisition of Lakadia – Vadodara Transmission Project

December 03, 2019
Sterlite Power completes acquisition of Lakadia – Vadodara Transmission Project

Vadodara: Sterlite Power today announced the acquisition of its inter-state GEC transmission project, Lakadia-Vadodara Transmission Project Limited (LVTPL), from PFC Consulting Limited. The company had won this project (WRSS 21 – Part B) through tariff-based competitive bidding process and would execute it under the Build, Own, Operate and Maintain (BOOM) model for 35 years in the state of Gujarat. The project is aligned to enable the country’s renewable energy target of installing 175 GW...Read More