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Private Sector | Multi State - India | PID: 203396
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Adani Energy Solutions Ltd (AESL), the transmission and distribution company of the Adani group, has completed the acquisition of the Special Purpose Vehicle (SPV) of the Khavda Phase IV Part-A transmission project, after receiving a letter of intent (LOI) from REC Power Development and Consultancy Ltd.
Khavda IVA Power Transmission Ltd, a special purpose vehicle (SPV,) set up by RECPDCL for evacuating 7 GW of Renewable Energy (RE) from Khavda RE park, under Phase IV Part A package, has been acquired by AESL to execute the project. The Khavda IVA transmission line, part of the National Grid, will help evacuate 7 GW of RE by connecting 765 kV double circuit lines from Khavda to Lakadia and Khavda to Bhuj (both in Gujarat) and setting up a transformation capacity of 4,500 MVA.
AESL won the project through the Tariff-Based Competitive Bidding (TBCB) process and will commission the project in the next 24 months on a BOOT (Build, Own Operate, and Transfer) basis and maintain it for the next 35 years. The company will invest approximately Rs 4,091 crore to build the ~298 km (596 ckm) transmission project. The project also includes setting up 300 MVAr STATCOM and 3×1500 MVA, 765/400 kV Inter-connecting Transformers (ICTs) with 1×330 MVAr, 765 kV, and 1×125 MVAr, 420 kV bus reactors.
| Updated on: 14 - Sep - 2024
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