Talking about Brazil and company's investment in the region, the Group CEO of Sterlite Power, Pratik Agarwal said, "Brazil requires an incremental 61,800 km in transmission lines, and an increase of 199,200 MVA capacity. This translates to an investment of ~R$ 119 billion (US$ 30.8bn) in the ten-year period (2017-26). Along with the size of the opportunity, these projects allow us to live our core of empowering humanity by addressing the toughest challenges of energy delivery. This makes the market very attractive to us and we have already committed ~US$ 1.7 bn of the planned US$ 4 bn in the region. We intend to develop global partnerships to execute our global portfolio of projects."

Brazilian power sector is characterised with policy and regulatory maturity. Given the strong contractual framework, including long concession tenures (30 years), inflation-protected revenues (which help lower the forex risk), and auction-based bidding for projects which happen on a pre-announced cadence, the Brazil market presents an ideal setup for any private transmission player.

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