Sterlite wins transmission auction in Brazil

Representational pic

Sterlite wins transmission auction in Brazil

Sterlite Brazil Participações S.A bags Lot 02

Sterlite Brazil Participações S.A wins $1.3 million transmission project

MUMBAI, Dec 27 (The CONNECT) - Sterlite Brazil Participações S.A., a subsidiary of Sterlite Power Transmission Limited, won a project in the transmission auction by the Brazilian Electricity Regulatory Agency, at B3, in São Paulo.

The Annual Permitted Revenue (RAP) of the project is BRL 7.093 million (USD 1.3 million) in which five enterprises lots were auctioned and Sterlite gets ‘Lot 2’ which is in the state of Bahia and consists in the construction of a substation in the city of Olindina.

Currently, Sterlite Brazil has five projects in progress.

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