Sterlite Power targets investment of $ 4 bn in Brazil by 2022

The Indian group Sterlite Power, which won concessions to build power transmission lines in Brazil last year, expects investment of $ 4 billion in energy projects in Brazil by 2022.

Looking for better returns and a wide range of opportunities for investments in Brazil, Sterlite Power’s idea is to grow rapidly in the country and establish its headquarters in São Paulo as a base for future expansion.

“We are already committed to $ 1 billion (in projects), and we are open to expanding this three or four times over the next three or four years,” said Sterlite Group CEO Pratik Agarwal.

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