Adani Energy acquires Khavda project with Rs 40.91 billioninvestment

05 Sep 2024 CW Team

Adani Energy Solutions announced that it had acquired a 298-km special purpose vehicle (SPV) for the Khavda Phase IV Part-A transmission project, which involves an investment of Rs 40.91 billion. Khavda IVA Power Transmission, the SPV, was established by REC Power Development and Consultancy (RECPDCL) to evacuate 7 GW of renewable energy from the Khavda Renewable Energy Park, according to the company's statement.

Adani Energy Solutions (AESL) will implement the project in Gujarat within the next 24 months on a build, own, operate, and transfer (BOOT) basis, as per the statement. The company will invest Rs 40.91 billion to construct the 298-km (596 ckm) transmission project.

The project also includes the installation of a 300 MVAr STATCOM, 3x1500 MVA 765/400 kV Inter-connecting Transformers (ICTs), along with 1x330 MVAr 765 kV and 1x125 MVAr 420 kV bus reactors. AESL secured the project through a tariff-based competitive bidding process and will maintain the infrastructure for 35 years following its commissioning, scheduled for completion in the next 24 months.

AESL Chief Executive Officer Kandarp Patel stated that as the world's largest renewable energy park, Khavda requires a power evacuation infrastructure that is both world-class and resilient, ensuring it is ready for future demands.

Infrastructure Urban

06 Apr 2026

CFI Appoints New National Council for FY27 and FY28

The Construction Federation of India (CFI) has announced its newly elected National Council and office bearers for a two-year term covering FY27 and FY28. M. V. Satish, Advisor to CMD and Lead Ambassador for Middle East, L&T, has been elected President; Priti Patel, Chief Strategy & Growth Officer, Tata Projects, has been appointed Vice President; and Ajit Bhate, Managing Director, Precast India Infrastructures, has taken charge as Treasurer.The newly formed National Council brings together senior leaders from major EPC and infrastructure companies, reflecting CFI’s continued focus o..

India REIT Market Gains Momentum with Strong Returns

India’s Real Estate Investment Trust (REIT) market is witnessing strong growth, emerging as a competitive investment avenue both domestically and across Asia. According to a recent ANAROCK report released at EXCELERATE 2026 by NAREDCO Maharashtra NextGen, the sector is evolving into a mature asset class driven by solid fundamentals, regulatory backing and rising investor confidence.The introduction of Small and Medium REITs (SM REITs) in 2025 has further widened access through fractional ownership, unlocking a potential monetisation opportunity of Rs 670–710 billion. Indian REITs have deli..

G R Infraprojects Secures Rs 4,130 Million BESS Contract From NTPC

G R Infraprojects said it has secured a contract from NTPC to supply and implement a battery energy storage system (BESS) valued at Rs 4,130 million (mn). The company reported the order was awarded as part of NTPC's ongoing efforts to enhance grid flexibility and energy storage capacity. The contract represents a notable addition to the firm's project pipeline and underscores demand for utility scale storage solutions. The award is expected to strengthen G R Infraprojects' presence in the energy infrastructure sector and to contribute to the firm's order book and future revenues, subject to st..