Debt financing
Sterlite Power raises Rs.440-Cr from Tata Cleantech Capital for North East project
Sterlite Power has raised INR 440-crore in debt from Tata Cleantech Capital for its Nangalbibra Bongaigaon Transmission Ltd (NBTL) project. The project involves construction of 300 ckt km (circuit kilometres) of transmission lines and a new substation with 320 MVA transformation capacity across the north-eastern terrain of Assam and Meghalaya. The project will transmit over 1,000 MW of power from Assam to western parts of Meghalaya. It will also help in decongesting the downstream networks in the region, improving the quality and reliability of power flow in the North-East.
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