Adani Energy Solutions Ltd (AESL) has announced the successful acquisition of the Khavda Phase IV Part-A transmission project. The company received a Letter of Intent (LOI) from REC Power Development and Consultancy Limited (RECPDCL) for the Special Purpose Vehicle (SPV) acquisition, reinforcing AESL’s leadership in India’s energy transition. This move solidifies AESL’s position as the largest private sector transmission player in the country.
The Khavda Phase IV Part-A transmission project involves the acquisition of Khavda IVA Power Transmission, an SPV established by RECPDCL. This initiative is designed to facilitate the evacuation of 7 GW of Renewable Energy (RE) from the Khavda Renewable Energy Park, which is a significant component of India’s push towards renewable energy.
The transmission line, part of the National Grid, will connect 765 kV double circuit lines from Khavda to Lakadia and Khavda to Bhuj, both located in Gujarat. This infrastructure will support the transmission of 7 GW of renewable energy and establish a transformation capacity of 4,500 MVA. The Khavda Renewable Energy Park, noted as the world’s largest renewable energy park with a planned generation capacity of 30 GW, is expected to make a substantial contribution to India’s decarbonization efforts.
The completion of this project will significantly enhance the availability of crucial transmission infrastructure needed for clean energy evacuation. Adani Energy Solutions’ focused approach aims to transform Khavda from a barren landscape into a pivotal element of India’s net zero goals.
Kandarp Patel, Chief Executive Officer of AESL, commented on the significance of the project: “As the world’s largest renewable energy park, Khavda requires power evacuation infrastructure that is both world-class and future-ready. This investment will not only establish the essential transmission network for the planned 30 GW of green power but also enhance grid stability. AESL is proud to be involved in this project, which will play a critical role in ensuring the smooth flow of green energy into the national grid and advancing India’s journey towards net zero.”
The project was secured through the Tariff-Based Competitive Bidding (TBCB) process and is set to be commissioned within the next 24 months on a Build, Own, Operate, and Transfer (BOOT) basis, with a maintenance period extending for the next 35 years. AESL plans to invest approximately ₹4,091 crore in the development of the 298 km (596 circuit km) transmission line. The project will also feature the installation of a 300 MVAr STATCOM, three 1500 MVA, 765/400 kV Inter-Connecting Transformers (ICTs), and bus reactors with capacities of 330 MVAr at 765 kV and 125 MVAr at 420 kV.
This acquisition represents a significant step in strengthening India’s energy infrastructure and supporting the country’s ambitious renewable energy targets.
