Adani Energy Solutions Ltd (AESL), a part of the globally diversified Adani portfolio and India’s largest private transmission and distribution company, today said it has received the letter of Intent for the acquisition of Halvad Transmission Ltd from PFC Consulting Ltd (PFCCL).
Halvad Transmission Ltd., a special purpose vehicle (SPV), was set up by PFCCL to evacuate 7 GW of renewable energy (RE) from Gujarat’s Khavda RE park, the world’s largest RE park with a generation capacity of 30 GW. AESL acquired it through a tariff-based competitive bidding (TBCB) process and will commission it in 24 months on a build-own-operate-maintain basis.
The Halvad transmission line, part of the national grid, will help evacuate 7 GW of RE by connecting Khavda to Halvad, also in Gujarat.
“AESL will invest around INR 3,000 crore to build, own, operate and maintain the over 301 km (656 ckm) transmission project for a period of 35 years. The project includes setting up of a 765 kV Halvad switching station with 2×330 MVAr bus reactors and a line-in line-out of Lakadia–Ahmedabad 765 kV D/c line at Halvad,” stated AESL.
Winning this project takes AESL’s network (installed and under-commissioning) to 20,518 ckm and 53,161 MVA of transformation capacity.
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