Sterlite Grid bags 2 power transmission contracts

NEW DELHI: Sterlite Grid has bagged two contracts to set up two power transmission projects bid out by the government.

"For two of the independent transmission projects, namely Eastern Region System Strengthening Scheme-VII and Part ATS of RAPP U - 7 & 8 in Rajasthan, Sterlite Grid Limited has emerged as the successful bidder," an official statement by bid process coordinator PFC Consulting Ltd.

For Transmission System for Patran 400 KV, Techno Electric & Engineering Company Limited has emerged as the successful bidder, the statement said.

Letter of Intent has been issued to the bidders on September 17, 2013, it said.

PFC Consulting Ltd, a wholly owned subsidiary of Power Finance Corporation, offered the three projects for private participation through tariff based competitive bidding.