Adani Energy secures finance from Japanese bank consortium for Bhadla-Fatehpur HVDC project
- February 9, 2026
Adani Energy Solutions Ltd (AESL) has secured long-term financing from a consortium of Japanese banks for its flagship HVDC transmission project, a release by AESL said.
The project will play a central role in evacuating renewable energy from Rajasthan’s solar-rich regions and delivering it into India’s national grid, supporting the country’s expanding clean power demand.
Large-scale RE integration
Configured as a high-capacity ±800kV HVDC network with an evacuation capacity of 6,000 MW, the 950-km corridor will connect Bhadla in Rajasthan to Fatehpur in Uttar Pradesh. Scheduled for commissioning by 2029, the link is expected to become a critical green transmission artery—enabling large-scale renewable integration while strengthening grid stability for some of India’s most energy-intensive urban and industrial centers.
International confidence
The financing—led by Japanese banking partners MUFG Bank Ltd. and Sumitomo Mitsui Banking Corporation (SMBC)—underscores sustained international confidence in India’s renewable infrastructure build-out. The project is further supported by advanced HVDC technology from Hitachi, delivered in collaboration with Bharat Heavy Electricals Ltd, leveraging India’s domestic manufacturing ecosystem. Together, these partnerships reflect Japan’s leadership in critical transmission technologies and India’s push to deepen local manufacturing under its Make-in-India push.
The financing has been raised under AESL’s sustainable debt framework, aligned with the Equator Principles, enabling participating lenders to classify the facility as a Green Loan and reinforcing AESL’s commitment to responsible growth and global ESG standards.
Clean energy platform
The asset is part of the Adani Group’s integrated clean energy platform. Rajasthan remains a key generation hub for Adani Green Energy Limited (AGEL), whose projects already supply clean power to AESL’s subsidiary, Adani Electricity Mumbai Limited (AEML). AEML currently integrates more than 40 per cent renewable energy into its supply mix, positioning Mumbai among the world’s largest cities with substantial sustainable power penetration.
Defining step
Kandarp Patel, CEO, AESL, said “This project marks a defining step in building India’s green transmission backbone. The continued support from our Japanese partners—including leading banks and Hitachi—reflects the depth of the India–Japan partnership and our shared commitment to enabling a sustainable energy future. AESL remains focused on developing resilient, future-ready transmission infrastructure to accelerate India’s energy transition.”
For more details on re-tendering of the Rajasthan HVDC project, as well as project chronology, read tndindia.com story dated June 3, 2025.
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Featured photograph relating to AESL’s Mundra-Mohindergarh HVDC project is for representation only. (Photo source: AESL)