With Successful Divestment of Assets Sterlite Power in Brazil Advances its Business Strategy in the

With Successful Divestment of Assets, Sterlite Power in Brazil Advances its Business Strategy in the Country

New Delhi and São Paulo, Brazil, March 26, 2020 - Sterlite Power in Brazil praises one more achievement in its set of experiences with the finish of the offer of three resources from its portfolio in the request for BRL 566 million (US$ 100 million): Arcoverde, Novo Estado and Pampa.

At present, after these exchanges the organization holds seven undertakings in a few Brazilian locales, which are at various periods of execution. Grape plantations, in Rio Grande do Sul, is in the high level period of development, currently to some degree stimulated, relates to 70% of the undertaking and is booked for definite conveyance this year. The other six are in various periods of ecological authorizing. Going through the Northeast with Dunas (CE and RN), Borborema (PB) and São Francisco (SE and BA). In the Midwest, Goyaz (GO). In the North, there is Marituba (PA) and in the Southeast, the organization go on with Solaris (MG).

Remarking on the conclusion Mr. Pratik Agarwal, Managing Director, Sterlite Power, said "Sterlite Power has fabricated areas of strength for an in the Brazilian power transmission market with a strong arrangement of tasks under different transformative phases. Driven by development and functional greatness, we conveyed our most memorable undertaking ArcoVerde in May 2019, much early. As of late we stripped a portion of our tasks to marquee engineers and financial backers, which mirrors the top notch of resources in our portfolio. We stay focused on feasible execution of our activities which add to the extension of the energy transmission arrangement of Brazil."

Procured by Investment Fund Vinci Energia, the undertaking Arcoverde (PE) in activity since May 2019 and conveyed 28 months in front of the timetable laid out by ANEEL (August 2021). The development of the Arcoverde Project expanded the progression of sustainable power sources to the Pernambuco district with the development of 129 km of force transmission lines, the establishment of another substation (Arcoverde II) and the extension of two different substations (Garanhuns II and Caetés II) existing in the area.

Project Novo Estado (PA e TO) will be worked by ENGIE Transmissão de Energia Participações. With 1831 km of transmission lines, 4,000 pinnacles and 32,000 km of links, the task will grow the North-Southeast and North-Northeast interconnections, notwithstanding part of the outpouring of energy from the Belo Monte HPP, adding to the reinforcing of a significantly more strong and dynamic organization in the improvement of the energy transmission framework in Brazil and its North area.

Procured by FIP Brasil Energia and CYMI Construções, Project Pampa (RS) examines the development of three power transmission lines, adding up to 316 km long, two substations and a change limit of 1,544 MVA, booked for fulfillment in March 2023, as per the ANEEL cutoff time, which will encourage the neighborhood and National Grid (SIN).

About Sterlite Power

Sterlite Power is a main worldwide designer of force transmission foundation with ventures of north of 13,315 circuit kms and 23,885 MVA in India and Brazil. With an industry driving arrangement of force guides, EHV links and OPGW, Sterlite Power additionally offers answers for updating, uprating and reinforcing existing organizations. The organization has set new benchmarks in the business by utilization of state of the art advances and creative funding. Sterlite Power is additionally the supporter of IndiGrid, India's most memorable power area Infrastructure Investment Trust ("InvIT"), recorded on the BSE and NSE.