Adani Transmission acquires arm of REC Transmission Projects

Adani Transmission (ATL) on Monday said it has signed a share purchase agreement and completed the acquisition of the WRSS XXI (A) Transco Ltd, incorporated by REC Transmission Projects Company. The acquisition was made for an undisclosed amount. With this acquisition, ATL’s cumulative transmission network will reach more than 14,000 ckt kms of transmission line and more than 23,000 MVA transformation capacity, out of which more than 11,000 ckt kms and more than 18,000 MVA are under the steady-state operation, the company said in a statement. “ATL will build, own, operate and maintain the transmission project in Gujarat for a period of 35 years. The project consists of around 272 ckt kms of 765kV line along with associated transmission system,” it said.

This project is primarily being constructed to strengthen the transmission system for relieving over loadings observed in Gujarat intra-state system due to renewable energy injections in Bhuj.