Adani Energy bags 7 GW Renewable Energy Evacuation Transmission Network Project in Khavda

Adani Energy Solutions Ltd, India's largest private transmission and distribution company and part of the globally diversified Adani portfolio, announced that it has acquired the Special Purpose Vehicle for Khavda Phase-IV Part-A transmission project. The acquisition is in furtherance of the Letter of Intent awarded to REC Power Development and Consultancy Ltd, and further cements AESL's leading position in India's energy transition, and its position as the largest private sector transmission company in-country.

Khavda IVA Power Transmission Ltd SPV was incorporated by RECPDCL for facilitating evacuation of 7 GW of RE generated from Khavda Renewable Energy Park Phase-IV Part-A. The said Transmission Project interlinking with National Grid involves double circuit lines at 765 kV from Khavda to Lakadia and Khavda to Bhuj in the state of Gujarat, thereby forming a transformation capacity of 4,500 MVA. The Khavda RE park, proposed for 30 GW generation, would mark an important milestone in the decarbonisation journey of India, and AESL is at the right trajectory to execute the entire project with the required infrastructure for the evacuation of clean energy.

The project was awarded on tariff-based competitive bidding, and the AESL promises commissioning within the next 24 months on a BOOT basis. Also, maintenance of the project will be done by the company for the next 35 years. The approximate total investment in this ~298 km (596 ckm) transmission project is Rs 4,091 crore. The project also involves the installation of a first-ever Grid-Forming 300 MVAr STATCOM along with 3x1500 MVA, 765/400 kV Interconnecting Transformers, and 1x330 MVAr, 765 kV, and 1x125 MVAr, 420 kV bus reactors.

Kandarp Patel, chief executive officer of AESL, said, "Khavda being the world's largest renewable energy park deserves a power evacuation infrastructure that is not only world class but also resilient and future ready. The network will be seminal in providing seamless passage of green energy at the National Grid true to India's commitment for net zero emission."

With this project, AESL will increase its transmission network to 21,783 ckm and its transformation capacity to 61,686 MVA, further reinforcing its position as a key player in India’s energy landscape.

AESL, a part of the Adani portfolio, is a multidimensional organisation with a presence across various energy domains, including power transmission, distribution, smart metering, and cooling solutions. As of August 30, 2024, AESL operates India’s largest private transmission network with 21,783 ckm of transmission lines and a transformation capacity of 61,686 MVA. The company serves approximately 13 million consumers in metropolitan Mumbai and the industrial hub of Mundra SEZ through its retail electricity distribution business. AESL is also advancing its smart metering initiatives, aiming to become India’s leading smart metering integrator. Through the expansion of its distribution network and a focus on delivering green power, AESL is revolutionising energy delivery in a reliable, affordable, and sustainable manner.