Adani Transmission Ltd has signed a share purchase agreement and completed the acquisition of the special purpose vehicle Kharghar Vikhroli Transmission Pvt Ltd (KVTPL), incorporated by Maharashtra State Electricity Transmission Company Ltd.
This project is critical to Mumbai as the existing transmission corridor capacity is insufficient to carry further power into the city.
ATL had won this project through tariff based competitive bidding and received the letter of intent (LoI) in December 2019. ATL will build, own, operate and maintain the transmission project in the state of Maharashtra for a period of 35 years.
The project “Kharghar Vikhroli Transmission Pvt Ltd” comprises approximately 34 km of 400kV and 220kV transmission lines along with 1500 MVA 400kV GIS substation at Vikhroli in Mumbai.
With this project, the cumulative transmission network of ATL will cross 14,808 ckm of transmission lines and 27,000 MVA of transformation capacity.
Anil Sardana, MD & CEO, Adani Transmission Ltd said, “With the signing of the Share Purchase Agreement for Kharghar Vikhroli Transmission Private Limited for execution of transmission project in the state of Maharashtra, ATL’s position as the largest private sector transmission company operating in India is consolidated further. The win also takes the company closer to its target of setting up 20,000 ckm of transmission lines by 2022.”
This project is critical to the city of Mumbai as the existing capacity of transmission corridor is not sufficient to carry further power into the city. This project would enable additional power to be brought into Mumbai and would thus help in meeting the future demand of the city.
With this project, the cumulative transmission network of ATL will cross 14,808 ckm of transmission lines and 27,000 MVA of transformation capacity. Currently, more than 11,576 ckm of transmission lines and over 18,330 MVA of transformation capacity is under steady operation.
(Featured photograph for illustration only)
