Adani Energy Solutions wins Rs 4,700 crore Maharashtra transmission project
Adani Energy Solutions Ltd. has won a ₹4,700 crore transmission project in Maharashtra to evacuate 4,500 MW of renewable and storage power. The project will add 562 ckm of transmission lines and 9,000 MVA transformation capacity, boosting AESL's network to 29,739 ckm. It is expected to be completed within 36 months.
The project win represents a substantial addition to the company's order book and infrastructure, directly contributing to its growth and strategic objectives in the energy transmission sector, which will have a high impact on its future revenue and market position.
The announcement details a significant new project win for Adani Energy Solutions Limited, valued at ₹4,700 crore, which is a positive development for the company's order book and its role in supporting renewable energy infrastructure.
Adani Energy Solutions Ltd. (AESL) has secured a significant transmission project in Maharashtra, valued at approximately ₹4,700 crore. This project is crucial for evacuating 4,500 MW of renewable and storage power, primarily from Karnataka, to major load centers within Maharashtra. It will also bolster the pumped storage ecosystem in the Satara, Pune, and Mumbai Metropolitan Region.
The project, named "Network Expansion Scheme in Western Region to Cater to Pumped Storage Potential near Satara (up to 4500 MW) - Part A," was awarded to AESL through a Tariff Based Competitive Bidding (TBCB) process, where the company emerged as the lowest bidder. The project will be executed through a Special Purpose Vehicle (SPV) called Satara Power Transmission Ltd. and is slated for completion within 36 months.
Upon completion, this project will add 562 circuit kilometers (ckm) of transmission lines and 9,000 MVA of transformation capacity to AESL's existing infrastructure. This will increase its cumulative transmission network to 29,739 ckm and its transformation capacity to 1,43,425 MVA.
The scope of work includes the establishment of a 765/400 kV substation at Satara, a Kolhapur-Satara 765 kV double-circuit transmission line, and augmentation of the Kolhapur pooling station, along with associated transmission infrastructure. Mr. Kandarp Patel, CEO of Adani Energy Solutions Ltd., stated that pumped storage projects are vital for India's clean energy transition, providing the necessary flexibility and reliability for integrating large-scale renewable energy. He emphasized AESL's commitment to developing future-ready transmission infrastructure that supports renewable energy growth and grid stability.
This development aligns with India's goal of achieving 500 GW of non-fossil energy capacity by 2030, with transmission infrastructure playing a key role in connecting renewable energy sources to consumption centers.
A plain-language summary of a public exchange filing by Adani Energy Solutions Limited. Read the original for the full detail.