Adani Energy Solutions (AESL), a power transmission and distribution company, has secured a letter of intent to acquire Halvad Transmission from PFC Consulting (PFCCL).

Halvad Transmission, functioning as a special purpose vehicle, was established by PFCCL to evacuate 7 GW of renewable energy from the Khavda RE park in Gujarat.

AESL will invest approximately ₹30 billion (~$360.6 million) in the transmission project. The company will undertake the responsibility of building, owning, operating, and maintaining the over 301 km (656 ckm) transmission project for 35 years.

AESL acquired Halvad Transmission through a tariff-based competitive bidding process and plans to commission the project within 24 months under the build, own, operate, and maintain model.

PFC Consulting, a wholly-owned subsidiary of Power Finance Corporation, invited bids to develop an interstate transmission system to evacuate 7 GW of power from the Khavda RE Park under Phase-III, Part A.

The Khavda RE park is expected to have a generation capacity of 30,000 MW. The transmission line from Halvad to Khavda will integrate the Khavda RE park into the national grid and facilitate the evacuation of 7 GW of green energy.

The scope of the project includes the establishment of a 765 kV Halvad switching station featuring 2×330 MVAr bus reactors and a line-in line-out connection to the Lakadia–Ahmedabad 765 kV D/c line at Halvad.

Anil Sardana, Managing Director of Adani Energy Solutions, highlighted the significance of the 7 GW project in making additional renewable energy accessible to consumers.

The company said winning the Halvad Transmission project will expand its network (installed and under-commissioning) to 20,518 ckm and 53,161 MVA of transformation capacity.

Recently, AESL commissioned the Karur Transmission project in Tamil Nadu, facilitating the evacuation of 2,500 MW of power from renewable sources in the Karur/Tiruppur Wind Energy Zone. The zone features several under-construction wind farms.