India-based company Sterlite Power announced it has concluded divestment of its three power transmission assets worth $100 million in Brazil.

The three assets, including Arcoverde, Novo Estado and Pampa, have been sold to Investment Fund Vinci Energia, ENGIE Transmissão de Energia Participações, and FIP Brasil Energia and CYMI Construções, respectively, for a total consideration of $100 million, the company said in a statement.

After these transactions the company retains seven projects in several Brazilian regions, which are at different phases of execution.

Sterlite Power is a global developer of power transmission infrastructure projects.

Source: Outlook India