Adani Transmission acquires 100% stake in Khavda-Bhuj Transimission from PFC Consulting

19 Jan 2022 , 02:23 PM

Adani Transmission Ltd has signed a Share Purchase Agreement with PFC Consulting for the acquisition of companies’ entire take in Khavda-Bhuj Transmission Ltd.

The project Khavda-Bhuj Transmission mainly consists of approximately 220 ckt km of transmission line adjoining Khavda pooling station with Bhuj Pooling station and 4,500 MVA, 765 kV Gas Insulated Substation at Khavda. The company has a notable estimated Capex capacity of about Rs 1,200 cr.

The execution of this project will help ATL to generate about 3 GW of renewable energy from Khavda, Gujarat. This project can be seen as a major milestone towards shaping one of the country’s largest solar and wind farms.

With the acquisition of the said project, ATL will exceed 18,500 ckt km of transmission lines and 38,600 MVA transformation capacity. It shall also be able to operate a distribution business serving near 3 million clients in Mumbai.

Even though KBTL was incorporated in May 2021, it has not commenced business operations in India yet. ATL will be commencing business operations on behalf of KBTL as soon as the Sale agreement completes.