Adani Energy secures $1-billion project financing

Adani Energy Solutions (AESL), formerly Adani Transmission (ATL), has secured $1-billion financing for an under-construction high voltage direct current (HVDC) transmission link in Mumbai.

The construction work for the 80 km project is scheduled to commence in October this year. Following its completion, the grid will supply renewable power to the city and support its rising electricity demand, AESL said in a statement.