India's Sterlite Power to sell Brazilian transmission project for $35m

India's Sterlite Power to sell Brazilian transmission project for $35m

Photo: Fré Sonneveld/unsplash

Power transmission company Sterlite Power has agreed to sell its Arcoverde Project, a transmission project in Brazil, to V2i Transmissão de Energia S.A for $35 million. The Arcoverde project was built to increase the flow of renewable energy to the state of Pernambuco in Brazil.