Adani Transmission bags two renewable power evacuation projects
India, New Delhi: Adani Transmission Ltd (ATL) has announced the acquisition of a renewable energy evacuation system worth $160 M (Rs 1200 crore).
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India, New Delhi: Adani Transmission Ltd (ATL) has announced the acquisition of a renewable energy evacuation system worth $160 M (Rs 1200 crore).
The company also bagged the acquisition of Karur Transmission Ltd in Tamil Nadu, worth $26.6 M (Rs 200 crore).
“We are pleased to be associated with the maiden evacuation system associated with one of the largest hubs of renewable energy being established at Khavda, Gujarat. This project will be the first to be implemented among the slew of transmission projects planned by the government of India for evacuation of renewable energy from the region,” said Anil Sardana, MD and CEO, Adani Transmission Ltd.
ATL will build, own, operate and maintain the transmission project in Tamil Nadu and Gujarat for a period of 35 years.
ATL’s execution of the project will help evacuate renewable energy from the Karur Tiruppur region and the estimated capex will be more than $26 M (Rs 200 crore).
With an estimated capex of more than $160 M (Rs 1,200 crore), ATL’s execution of the project will help evacuate about 3 GW of renewable energy from Khavda, Gujarat.
Source: The New Indian Express
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