Adani Energy Solutions bags Halvad Transmission project in Gujarat
Adani Energy Solutions Ltd (AESL), on Wednesday, announced that it has received a letter of intent (LoI) to acquire Halvad Transmission from PFC Consulting. Halvad Transmission, a special purpose vehicle, has been set up by PFC Consulting for evacuating 7GW of renewable energy (RE) from Khavda RE park, Gujarat.
AESL will spend Rs 3,000 crore to build, own, operate and maintain the 301 km (656 circuit kilometre or ckm) transmission project for a period of 35 years. According to the company’s statement, it won the project through tariff-based competitive bidding and will commission it in the next 24 months.
