Sterlite Power secures ₹ 305 crores for Kishtwar transmission project

Aseem Infrastructure Finance Limited (AIFL), an NBFC – IFC (Infrastructure Finance Company), was founded with the goal of playing a transformative role in the growth of Indian infrastructure debt financing. This milestone ensures the financial closure of the Kishtwar project, ensuring its smooth execution and operations.
Sterlite Power, a leading power transmission developer and solutions provider in India and Brazil, has completed financial closure on its Kishtwar Transmission Limited (KTL) project in Jammu and Kashmir. It has successfully secured INR 305 Crores in debt funding from Aseem Infrastructure Finance Ltd., an NBFC-IFC (Infrastructure Finance Company) promoted by the Strategic Opportunity Fund (SOF) of the National Investment and Infrastructure Fund (NIIF), with anchor investments from the Government of India and Sumitomo Mitsui Banking Corporation of Japan (SMBC).
In December 2022, Sterlite Power acquired the KTL SPV to carry out the interstate transmission system project. The project entails building a transmission system that includes a 400/132 kV GIS substation in Kishtwar and a 400 kV transmission line from Kishenpur to Dulhasti. The transmission system will help move 1000 MW of power from the Pakaldul Hydroelectric Project to the Kishtwar substation.

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