Sterlite Power Receives Rs. 440 Crore Debt Funding for NBTL Project
Sterlite Power Transmission Limited has received debt funding of Rs. 440 crore from Tata Cleantech Capital for funding its Nangalbibra Bongaigaon Transmission Limited (NBTL) project.
The NBTL project involves laying 300 circuit Kilometres of transmission lines, and setting up a greenfield substation with 320 MVA transformation capacity. This project will transmit over 1000 MW of electric power from western Assam to Meghalaya.
NBTL Special Purpose Vehicle (SPV) was acquired by Sterlite Power in December 2021 to execute the project.
The NBTL project will help de-congest the power flow in the region, making it more reliable.
