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Sterlite Power Transmission said on Tuesday that its subsidiary Sterlite Brazil Participações completed the Vineyards project in Rio Grande do Sul. With the completion of this final stage, Vineyards project will reinforce the flow of energy in the region, ensuring greater robustness and flexibility to the system. The Vineyards project includes the construction of 114 KM of transmission lines, implementation of two new 496 MVA substations, and the expansion of four substations in the regions of Garibaldi, Bento Gonçalves, Lajeado, and Bagé. With the project in operation, it will benefit 18 cities in the region, Sterlite said in a statement.
Ahead of schedule
The project was part of the ten lots that the Indian company won at the auction in 2017. The RAP of the public notice was BRL 84 million (around ₹121 crore). The first energisation was in January 2020, 32 months before ANEEL’s deadline, while the second was brought forward in 14 months and the third and final energisation happened eight months ahead of schedule, it added. “The third stage of Vineyards was completed eight months before ANEEL’s deadline, confirming Sterlite Power’s commitment and excellence in its work,” CEO of Sterlite Power in Brazil Amitabh Prasad said. Together with the environmental agency of Rio Grande do Sul — Henrique Luis Roessler State Environmental Protection Foundation (FEPAM) — the company replaced the 21.08 hectares related to the environmental suppression of this transmission line, he added. “With the adoption of good environmental practices, we reduced the impact and recovered 100% of the forests in the project area,” he further added. In April, Sterlite Power announced an agreement with Vinci Energia in which the investment company invested BRL 149 million (around ₹216 crore) in the purchase of debentures convertible into shares of Vineyards. Sterlite Power is a power transmission infrastructure developer and solutions provider with projects covering around 13,700 circuit kms of transmission lines across India and Brazil. It is also the sponsor of IndiGrid, India’s first power sector Infrastructure Investment Trust (InvIT), listed on the BSE and NSE.
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