MUMBAI: The Adani Group is in talks with Kalpataru Power Transmission Ltd (KPTL) for the sale of the latter’s 4 transmission lines to Adani Transmission, the largest private sector power transmission company in India, two people aware of the development told Mint.
“Adani is also now actively bidding for the KPTL assets,” the first person said. The Economic Times had reported last month that Sekura Energy and China Light and Power (CLP) were also in talks for the same assets. “The final race comes down to the three of them and who can offer the most, since KPTL has long concession periods backing their assets,” the person added.
KPTL has put 4 transmission lines on the block, of which two are operational – a 100-km transmission line in Jhajjar, Haryana, and a 240 km line in Satpura, Madhya Pradesh. Both were developed in the build-own-operate-maintain model and have 25-year concession periods.
