Adani Energy Solutions Limited (AESL) has received the letter of intent (LoI) for the acquisition of Halvad Transmission Limited from Power Finance Corporation Consulting Limited (PFCCL).
The Halvad Transmission, a special purpose vehicle, has been set up by PFCCL for evacuating 7 GW of renewable energy from Khavda renewable energy park, under Phase III Part A package. AESL won the project through the tariff-based competitive bidding process and will commission the project in the next 24 months on build, own operate, and maintain basis. The world’s largest renewable energy park, with a generation capacity of 30,000 MW of green energy, is coming up at Khavda, Gujarat. The Halvad transmission line, part of national grid, will help evacuate 7GW of renewable energy by connecting Khavda to Halvad (also in Gujarat). AESL would be investing about Rs 30 billion to build, own, operate and maintain the 301 km (656 ckm) transmission project for a period of 35 years. The project includes setting up of 765 kV Halvad switching station with 2×330 MVAr bus reactors and line-in line-out of Lakadia – Ahmedabad 765 kV D/c line at Halvad.
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