Adani Energy Solutions Ltd (AESL) said on Wednesday that it has received a Letter of Intent from PFC Consulting to buy Halvad Transmission.
PFC Consulting has established Halvad Transmission, a special-purpose business, to evacuate 7GW of renewable energy (RE) from the Khavda RE facility in Gujarat.
According to a corporate release, AESL would spend Rs 3,000 crore to develop, own, manage, and maintain the 301 km (656 circuit kilometers or ckm) transmission infrastructure over a 35-year term.
AESL was awarded the project via tariff-based competitive bidding and will begin operations within the following 24 months.
With a green energy generating capacity of 30,000 MW, Khavda RE park is billed as the world’s biggest RE park.
The Halvad transmission line, which is part of the National Grid, will assist in the evacuation of 7GW of RE by linking Khavda to Halvad (also in Gujarat).
“The 7GW Khavda Project will go a long way in making additional renewable energy available for the consumers and we will use the latest technology to commission this project with minimal environmental impact,” said Anil Sardana, the managing director of AESL.
The project award solidifies AESL’s market-leading position and brings the company’s network (built and under construction) to 20,518 km and 53,161 MVA of transformation capacity.
The National Grid is a network of power plants, transmission lines, and energy infrastructure that enables electricity to be produced, delivered, and utilized throughout a nation.
The National Grid is a high-voltage energy transmission network in India that links power plants and important substations. It assures that any power produced in India may be utilized to meet demand abroad.
National Grid is also one of the world’s biggest publicly traded utilities, specializing in electricity and gas transmission and distribution. It is critical to link millions of people to the energy they need in a safe, dependable, and efficient manner.
The Power Grid Corporation of India owns and maintains the National Grid, which is run by the state-owned Power System Operation Corporation. With 417.68 GW of installed electricity generating capacity as of May 31, 2023, it is one of the world’s biggest operating synchronous grids.
In the 1960s, India started using grid management on a regional scale. Individual state grids were linked to establish five regional grids that encompass the whole of India. Northern, Eastern, Western, North Eastern and Southern Grids were used. These regional lines were built to allow excess power to be sent between states in each area.
The Indian government started plans for a national grid in the 1990s. Regional grids were first linked using asynchronous HVDC back-to-back connections that allowed for a limited interchange of regulated electricity. Following that, the connections were upgraded to high-capacity synchronous links.
