Adani Energy Completes Acquisition of ₹4,091 Crore Khavda Transmission Project
AESL has acquired the Khavda Phase IV Part-A transmission project. The company plans to invest ₹4,091 crore to construct a 298 km transmission line, which will facilitate the evacuation of 7 GW of renewable energy from the world’s largest renewable energy park.
Adani Energy Solutions
Adani Energy Solutions Ltd. (AESL) announced on Monday that it has finalised the acquisition of the special purpose vehicle (SPV) for the Khavda Phase IV Part-A transmission project, following the receipt of a letter of intent (LOI) from REC Power Development and Consultancy.
This acquisition underscores AESL's leadership in India’s energy transition and cements its position as the country's largest private-sector transmission player. Khavda IVA Power Transmission, the special purpose vehicle (SPV) created by RECPDCL to enable the evacuation of 7 GW of renewable energy from the Khavda Renewable Energy Park under the Phase IV Part A package, has now been acquired by AESL. The project involves developing a transmission line that will connect 765 kV double circuit lines from Khavda to Lakadia and Khavda to Bhuj in Gujarat, with a transformation capacity of 4,500 MVA.
According to Adani Energy, the Khavda Renewable Energy Park, the largest of its kind globally with a planned generation capacity of 30 GW, will play a crucial role in advancing India's decarbonisation efforts.
The award of this project to AESL represents a vital step in improving the infrastructure needed to evacuate clean energy. "As the world's largest renewable energy park, Khavda requires power evacuation infrastructure that is not only world-class but also resilient and future-ready," said Kandarp Patel, Chief Executive Officer of AESL. "This investment will establish the essential transmission network needed to evacuate the 30 GW of green power Khavda will generate and provide critical grid stability. AESL is proud to contribute to this initiative, as this network will be pivotal in ensuring a seamless flow of green energy to the national grid, supporting India's journey towards net zero."
AESL secured the project through a Tariff-Based Competitive Bidding (TBCB) process and plans to complete it within the next 24 months on a Build, Own, Operate, and Transfer (BOOT) basis, with a commitment to maintain it for 35 years. The company will invest approximately ₹4,091 crore in developing the 298 km (596 km total) transmission project, which will also feature the installation of 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.
