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Sterlite Power Brasil issues green bonds for 126 million dollars
04/04/2022 Since 2 years

The energy transmission company Sterlite Power Brasil, a subsidiary of Sterlite Power of India, has achieved the issuance of green and infrastructure bonds for an amount equivalent to 126 million dollars.

The operation was coordinated by the banks Modal and Itaú BBA and was granted the green seal of independent opinion from the certifier Sitawi Finanças do Bem.

The bonds were issued by GBS Participações, a company controlled by Sterlite Brasil Participações e Holding, which in turn controls the Specific Purpose Entities (SPE) Goyaz, Borborema and Solaris, where the funds obtained will be invested. The three projects, which sum up nearly 550 kilometers of transmission lines, play a key role in the flow of green energy from renewable solar and wind plants in the regions where they are located, help improve the Brazilian energy matrix and are of great relevance for the National Integrated System (SIN).

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