Adani Secures $2.89 Bn Renewable Energy Transmission Project
POWER & RENEWABLE ENERGY

Adani Secures $2.89 Bn Renewable Energy Transmission Project

Adani Energy Solutions (AESL) has secured the Rs 250 billion Bhadla-Fatehpur High Voltage Direct Current (HVDC) transmission project from REC Power Development and Consultancy’s (RECPDCL) to evacuate 6 GW of renewable energy. This project is part of a broader initiative aimed at evacuating an additional 20 GW of renewable power from Rajasthan’s renewable energy zones under Phase III Part I.

The project was awarded to AESL through the Tariff-Based Competitive Bidding mechanism, marking the first private-sector HVDC project to be granted. RECPDCL acted as the bid process coordinator.

The HVDC project will facilitate the evacuation of 6 GW of renewable energy from Rajasthan’s renewable energy zones, extending beyond Bhadla-III, to meet demand in North India and integrate with the national grid.

AESL plans to establish a 6,000 MW HVDC system, spanning 2,400 ckm, with a 7,500 MVA transmission capacity between Bhadla and Fatehpur in Uttar Pradesh. The system will include HVDC terminals with 100 per cent power reversal capability.

The project, which is set to be implemented over a period of four and a half years, will be built, owned, operated, and later transferred.

This marks AESL’s third HVDC project following the completion of the Mundra—Mahendragarh project and the ongoing Aarey-Kudus project.

Other competitors who qualified in the technical round included Power Grid Corporation of India, Sterlite Grid 37, and IndiGrid 2.

With the addition of this order, AESL's under-execution order book now stands at Rs 547.61 billion, expanding its transmission network to 25,778 ckm and a transformation capacity of 84,186 MVA.

In a related development, last November, Power Finance Corporation transferred its special purpose vehicle, Pune-III Transmission, to AESL, which emerged as the successful bidder for evacuating 7 GW of power from Khavda, Gujarat, under Phase IV, Part D, for Rs 187.8 million.

Additionally, in 2023, AESL's parent company Adani Group’s subsidiary, Adani Energy Solutions, secured financial closure for its $1 billion Green HVDC link project in Mumbai.

Adani Energy Solutions (AESL) has secured the Rs 250 billion Bhadla-Fatehpur High Voltage Direct Current (HVDC) transmission project from REC Power Development and Consultancy’s (RECPDCL) to evacuate 6 GW of renewable energy. This project is part of a broader initiative aimed at evacuating an additional 20 GW of renewable power from Rajasthan’s renewable energy zones under Phase III Part I. The project was awarded to AESL through the Tariff-Based Competitive Bidding mechanism, marking the first private-sector HVDC project to be granted. RECPDCL acted as the bid process coordinator. The HVDC project will facilitate the evacuation of 6 GW of renewable energy from Rajasthan’s renewable energy zones, extending beyond Bhadla-III, to meet demand in North India and integrate with the national grid. AESL plans to establish a 6,000 MW HVDC system, spanning 2,400 ckm, with a 7,500 MVA transmission capacity between Bhadla and Fatehpur in Uttar Pradesh. The system will include HVDC terminals with 100 per cent power reversal capability. The project, which is set to be implemented over a period of four and a half years, will be built, owned, operated, and later transferred. This marks AESL’s third HVDC project following the completion of the Mundra—Mahendragarh project and the ongoing Aarey-Kudus project. Other competitors who qualified in the technical round included Power Grid Corporation of India, Sterlite Grid 37, and IndiGrid 2. With the addition of this order, AESL's under-execution order book now stands at Rs 547.61 billion, expanding its transmission network to 25,778 ckm and a transformation capacity of 84,186 MVA. In a related development, last November, Power Finance Corporation transferred its special purpose vehicle, Pune-III Transmission, to AESL, which emerged as the successful bidder for evacuating 7 GW of power from Khavda, Gujarat, under Phase IV, Part D, for Rs 187.8 million. Additionally, in 2023, AESL's parent company Adani Group’s subsidiary, Adani Energy Solutions, secured financial closure for its $1 billion Green HVDC link project in Mumbai.

Next Story
Infrastructure Urban

Reliance, Diehl Advance Pact for Precision-Guided Munitions

Diehl Defence CEO Helmut Rauch and Reliance Group’s Founder Chairman Anil D. Ambani have held discussions to advance their ongoing strategic partnership focused on Guided and Terminally Guided Munitions (TGM), under a cooperation agreement originally signed in 2019.This collaboration underscores Diehl Defence’s long-term commitment to the Indian market and its support for the Indian Government’s Make in India initiative. The partnership’s current emphasis is on the urgent supply of the Vulcano 155mm Precision Guided Munition system to the Indian Armed Forces.Simultaneously, the “Vulc..

Next Story
Infrastructure Urban

Modis Navnirman to Migrate to Main Board, Merge Subsidiary

Modis Navnirman Limited has announced that its Board of Directors has approved a key strategic initiative involving migration from the BSE SME platform to the Main Board of both BSE and NSE, alongside a merger with its wholly owned subsidiary, Shree Modis Navnirman Private Limited.The move to the main boards marks a major milestone in the company’s growth trajectory, reflecting its consistent financial performance, robust corporate governance, and long-term commitment to value creation. This transition will grant the company access to a broader investor base, improve market participation, en..

Next Story
Infrastructure Urban

Global Capital Flows Remain Subdued, EMEA Leads in Q1 2025

The Bharat InvITs Association’s industry update for Q1 2025 shows subdued global capital flows, with investment volumes remaining at the lower end of the five-year range despite a late 2024 recovery. According to data from Colliers and MSCI Real Capital Analytics, activity in North America declined slightly, while EMEA maintained steady levels and emerged as the top region for investment in standing assets.The EMEA region now hosts seven of the top ten cross-border capital destinations for standing assets, pushing the United States’ share of global activity below 15 per cent. Meanwhile, in..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?