Adani Energy Solutions Limited (AESL) has signed a share purchase agreement (SPA) with PFC Consulting Limited to acquire 100 per cent equity shares of KPS III HVDC Transmission Limited (KPS III).
KPS III HVDC Transmission Limited is a special purpose vehicle (SPV) with an authorised and paid-up capital of Rs 100,000 and currently has nil turnover. The acquisition is part of AESL’s broader strategy to enhance value for shareholders through both organic and inorganic growth. The KPS III project is specifically designed to facilitate the evacuation of 2.5 GW of renewable energy from phase V of the Khavda RE park.