Sterlite Power concludes sale of three power transmission assets in Brazil

Sterlite Power has concluded the sale of three assets in Brazil worth BRL 566 million – Arcoverde, Novo Estado and Pampa – which will help the company advance its business strategy in the country. Acquired by Investment Fund Vinci Energia, the Arcoverde project has been operational since May 2019. The Novo Estado project has been acquired by ENGIE Transmissão de EnergiaParticipações, while the Pampa project has been acquired by FIP BrasilEnergia and CYMI Construções. The Pampa project is scheduled for completion in March 2023. The company still holds seven projects that are in different phases of execution in several Brazilian regions. Of its existing portfolio, Vineyards in Rio Grande do Sul is in an advanced phase of construction, while the other six are in different phases of environmental licensing.