Adani to invest Rs 2,000 Cr to build 2 transmission lines

22 Aug 2023 CW Team

On Sunday, a senior representative of Adani Electricity Mumbai announced that the business will spend more than Rs 2,000 crore to construct two new transmission lines in the city. This is a part of their attempts to fortify its network as they get closer to becoming more environmentally friendly by getting up to 60% of the city's energy requirements from renewable sources by 2027. The Thane-Aarey Colony line and the 84 CKm Kharghar (in Navi Mumbai) Vikhroli line are the two new transmission lines. They are located in the northeastern neighborhood of the megalopolis. By 2025, the Vikhroli line will be finished.

"We intend to start working on the project in October. The Thane line will start after the first line and be put into service in 2027, according to a senior company executive who did not want to be identified.

By obtaining Rs 1,700 crore in debt from foreign lenders for the projects being carried out by its parent firm Adani Transmission, the company last week secured financial closure.

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