Sterlite Power has won six transmission projects in Brazil in recently concluded auctions. The company plans to invest $2 billion in building 23 substations, 2,000 ckm of transmission lines and 5,500 MVA of transformation capacity.
“Brazil requires an incremental 61,800 km in transmission lines, and an increase of 1,99,200 MVA capacity. This translates to an investment of R$ 119 billion ($30.8bn) in the 10-year period (2017-26). Along with the size of the opportunity, these projects allow us to live our core of empowering humanity by addressing the toughest challenges of energy delivery,” said Group CEO Pratik Agarwal. “This makes the market very attractive to us and we have already committed $1.7 bn of the planned $4 bn in the region. We intend to develop global partnerships to execute our global portfolio of projects,” he added.
Demand forecast
By 2026, the total electricity consumption of the country is forecast to increase to 741 TWh, indicating an average annual growth of 3.7% per annum. To cater to this, a 64.1 GW expansion in installed capacity of the National Interconnected System is planned over the next 10-year period, Sterlite Power said in a statement.