Adani Transmission Ltd (ATL), a personal sector energy transmission firm and a part of the diversified Adani Group, on Friday introduced that that they had acquired the Letter of Intent (LoI) for the acquisition of a renewable vitality evacuation system underneath Khavda-Bhuj Transmission Ltd, value ₹1200 crore.
ATL received the bid to amass the renewable vitality evacuation system by way of Tariff-Primarily based Aggressive Bidding (TBCB). The corporate is ready to construct, personal, function and preserve the transmission undertaking in Gujarat for a interval of 35 years, the press launch learn.
Adani is ready to assist evacuate about 3 GW of renewable vitality from Khavda, Gujarat. The undertaking will assist form one of many nation’s largest photo voltaic and wind farms.
The corporate press launch additionally talked about that buying this undertaking may also assist them contribute in direction of the Authorities of India’s quest to realize Energy For All by 2022.
Anil Sardana, MD & CEO, Adani Transmission Ltd mentioned, “This undertaking would be the first to be carried out among the many slew of transmission initiatives deliberate by Authorities of India for evacuation of renewable vitality from the area.”
Supply: Live Mint