New Delhi: Sterlite Power, a leading global player in power transmission, has been awarded Construction Project of the Year at the prestigious S&P Global Platts Global Energy Awards 2019 for its Northern Region Strengthening Scheme (NRSS-29) project in Jammu & Kashmir (J&K). The program bestowed 23 awards upon companies and individuals before an audience of over 500 energy and finance executives at an award ceremony held on 12th December in New York.
Finalists hailed from a record of 37 countries. Sterlite Power was selected as finalists in 3 award categories – Rising Star Company, Financial Investment of the Year and the Construction Project of the Year.
“We congratulate NRSS-29 project for its win of Construction Project of the Year,” said Martin Fraenkel, President of S&P Global Platts. “The independent panel of judges was impressed with Sterlite Power for its stand-out performance in this awards category and for its commitment to the energy industry’s advancement.”
The NRSS-29 project in Jammu & Kashmir is one of the largest and toughest private sector transmission projects commissioned in the country till date which plays an important role in bringing reliable power to over 12.5 million people in the region. This 414 Km long transmission corridor of national importance ensures reliable power access and augments Jammu & Kashmir’s power transmission capacity by at least 33% and was constructed by overcoming extreme challenges of terrain and weather. Sterlite Power delivered this critical project ahead of schedule with innovative use of technology, synergistic partnerships and deeper engagement with local communities.
While receiving the award at the gala ceremony, Mr. Pratik Agarwal, Managing Director, Sterlite Power stated, “We are honored to be recognised as a winner at the prestigious S&P Global Platts Global Energy Awards for our NRSS-29 power transmission project, which solves the toughest challenges of energy delivery and lights up 12.5 million lives. It is commendable to see the determination of our employees, partners and local communities who worked together to overcome the toughest conditions and build this transmission corridor ahead of schedule. We dedicate this award to their spirit and contributions.”
Established in 1999 and often described as “the Oscars of the energy industry,” the S&P Global Platts Global Energy Awards highlights corporate and individual innovation, leadership, superior performance and project management excellence.
For the full list of 2019 Global Energy Awards winners, including the judges’ rationale, visit the Global Energy Awards website. A full summary of the winners is available via the Insight Magazine, which includes sector-by-sector energy outlook analysis reports.