Adani to inject Rs 2,000 crore for building 2 transmission lines in Mumbai

21 Aug 2023 , 11:43 AM

On Sunday, a senior Adani Electricity Mumbai executive said that the company is planning to invest over Rs 2,000 crore to create two new transmission lines in the city. This is part of their attempts to strengthen their network as the company moves forward to becoming more environmentally friendly by sourcing up to 60% of the city’s energy needs from renewables by 2027.

The two new transmission lines are the 84 CKm Kharghar (in Navi Mumbai) Vikhroli line in the megalopolis’s northeastern suburbs and the Thane-Aarey Colony line. The Vikhroli line is expected to be finished by 2025.

Last week, the business secured Rs 1,700 crore in debt from international lenders for projects to be carried out by its parent company, Adani Transmission.

‘We will be making investments of more than Rs 2,000 crore for this, out of which Rs 1,700 crore will be debt-funded,’ the official said. Reportedly, the project will also include the construction of a 400-kV substation, which will increase transmission capacity by 1,500 MW, as the company expects peak demand in the megapolis to exceed 5,000 mw by FY25, up from around 4,000 MW now.

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