Haryana Transmission Line

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The project entails the construction and operation of a 170 - km electricity transmission line in the state of Haryana. Haryana transmission line aims at evacuating electricity to residential, commercial and industrial establishments in parts of Haryana. The inter-state grid will increase power supply by 2,000 to 3,000 MW. Strelite Power has set up a special purpose vehicle to execute the project, which will build and operate the line and three high-power substations. The sponsor is Sterlite Power, a subsidiary of London Stock Exchange-listed Vedanta Resources. This is a greenfield project awarded under a BOT modality. Financial closure took place on January 4th, 2017. Financing is provided by Yes Bank in the amount of 800 crore ($117.2 million). Sponsor will provide the remaining 200 crore ($29.3 million) in equity. https://ijglobal.com/data/transaction/37433/haryana-transmission-line-170km https://ijglobal.com/articles/104119/sterlite-power-reaches-financial-close-on-haryana-transmission-grid https://www.sterlitepower.com/sterlite-power-achieves-financial-closure-for-transmission-project/