Adani bags transmission deal to boost supply to Mumbai
ATL signed a major share purchase agreement on 24 June to execute Kharghar Vikhroli Transmission Pvt Ltd project, which will bring additional power to Mumbai.
Image for illustration purposes
India, Mumbai: Adani Transmission Ltd (ATL) signed a major share purchase agreement on 24 June to execute Kharghar Vikhroli Transmission Pvt Ltd project, which will bring additional power to Mumbai.
It will help meet future demands of the city, officials said. The normal supply of power in the entire city is 2,500 – 3,000 MW, and peak demand is 3,400 MW during summer, sources said.
Adani won the project through tariff-based competitive bidding. It will build, own, operate, and maintain the transmission project in Maharashtra for 35 years. ATL signed the agreement to acquire special purpose vehicle Kharghar Vikhroli Transmission (KVT), which was incorporated by Maharashtra State Electricity Transmission Company Ltd.
The project comprises of approximately 34 km of 400 kV and 220 kV transmission lines along with 1,500 MVA 400 kV GIS substation at Vikhroli. This project is critical to the city as the existing capacity of transmission corridor is not sufficient to carry further power into it, said Anil Sardana, MD and CEO, Adani Transmission Ltd.
With this project, the cumulative transmission network of ATL will reach more than 14,808 circuit km of transmission line and more than 27,000 MVA transformation capacity, out of which more than 11,576 circuit km and more than 18,330 MVA are under steady state operations.
Adani serves more than 30 lakh consumers in Mumbai. “This also takes our company closer to its target of setting up 20,000 circuit km of transmission lines by 2022,” Adani added.
Source: Times of India