Home > Current Affairs > National > Adani Energy Gets Transmission Project For Mega Renewable Park

Adani Energy Gets Transmission Project For Mega Renewable Park

Utkarsh Classes 27-12-2023
Adani Energy Gets Transmission Project For Mega Renewable Park Energy 4 min read

Adani Energy Solutions Limited (AESL) received a Letter of Intent (LoL) for the acquisition of Halvad Transmission Limited (HTL) on 27 December 2023. AESL has received a letter of intent for acquisition from PFC Consulting Limited (PFCCL). Adani Energy Solutions Limited (AESL) is a part of the Adani portfolio.

Through a tariff-based competitive process, AESL achieved:

  • AESL acquired HTL through a tariff-based competitive bidding process. HTL will be commissioned on BOOM (Build, Own, Operate, and Maintain) basis in 24 months.
  • Halvad Transmission Limited (HTL), is a special purpose vehicle. HTL was set up by PFCCL to acquire 7 GW of renewable energy from Khavra Renewable Energy Park.
  • The Halvad transmission line, which is part of the national grid, will help extract 7 gigawatts of renewable energy by connecting Khavda to Halvad in Gujarat.
  • AESL will invest approximately Rs 3,000 crore to build, own, operate and maintain the transmission project over 301 km (656  ckm) for 35 years.

Largest renewable energy park:

  • The world's largest renewable energy park with 30,000 MW green energy generation capacity is coming up in Khavra, Gujarat.
  • AESL is committed to partnering with the government and developers of renewable energy to accelerate the uptake of renewable energy from generating sectors.
  • The 7 GW project will go a long way in providing additional renewable energy to consumers.
  • AESL will use the latest technology to operationalise this project with minimum environmental impact.

Adani Energy Solutions Limited (AESL):

  • AESL was earlier known as Adani Transmission Limited. It is an electric power transmission company.
  • It presently stands as one of the leading private sector entities engaged in power transmission operations within India.
  • AESL is the largest private transmission company in the country. AESL has presence in 16 states of India. AESL has a cumulative transmission network of 20,518 CKM and transformation capacity of 53,161 MVA.
  • In its distribution business, AESL serves more than 12 million consumers in the industrial hub of metropolitan Mumbai and Mundra SEZ.
  • Subsidiaries: Adani Electricity Mumbai Limited
  • Parent Organisation: Adani Group, S.B. Adani Family Trust
  • Established: 9 December 2013
  • Headquarters: Ahmedabad
  • CEO: Anil Kumar Sardana (from 1 May 2018)

Important full forms for the exam:

  • PFCCL: Power Finance Corporation Consulting Limited
  • AESL: Adani Energy Solutions Limited

FAQ

Answer:- Adani Energy Solutions Limited (AESL)

Answer:- Halvad Transmission Limited (HTL)

Answer:- Power Finance Corporation Consulting Limited

Answer:- Anil Kumar Sardana

Answer:- Khavra, Gujarat

Answer:- 30,000 MW green energy
Leave a Review

Utkarsh Classes
DOWNLOAD OUR APP

Download India's Best Educational App

With the trust and confidence that our students have placed in us, the Utkarsh Mobile App has become India’s Best Educational App on the Google Play Store. We are striving to maintain the legacy by updating unique features in the app for the facility of our aspirants.