MUMBAI: Adani Energy Solutions plans to spend $360 million to build a transmission line to connect a solar and wind energy park in the western Indian state of Gujarat with the power grid.
Adani Energy acquired Halvad Transmission, a renewable energy transmission network project in Gujarat, through a bidding process from PFC Consulting, Adani said in a statement on Wednesday.
Halvad Transmission, a part of India’s national grid, was set up by PFC Consulting to carry 7 gigawatt (GW) of electricity from the Khavda solar energy park, which has a generation capacity of 30 GW.
Adani Energy, which operates a large private power distribution network, plans to commission the 765-kilovolt Halvad transmission line, which will extend for 301-km (187-miles), in 24 months and will operate and maintain it for over 35 years, the statement said.
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After this acquisition, Adani Energy’s cumulative transmission network, including installed and lines being commissioned, will reach to 20,518 circuit km (12,750 miles), the company said.
India is targeting net-zero carbon dioxide emissions by 2070 and is looking to increase its non-fossil fuel power capacity to 500 GW by 2030, from 186 GW now.
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