The project was awarded to AESL through the Tariff-Based Competitive Bidding mechanism, marking the first private-sector HVDC project to be granted. RECPDCL acted as the bid process coordinator.

The HVDC project will facilitate the evacuation of 6 GW of renewable energy from Rajasthan’s renewable energy zones, extending beyond Bhadla-III, to meet demand in North India and integrate with the national grid.

AESL plans to establish a 6,000 MW HVDC system, spanning 2,400 ckm, with a 7,500 MVA transmission capacity between Bhadla and Fatehpur in Uttar Pradesh. The system will include HVDC terminals with 100 per cent power reversal capability.

The project, which is set to be implemented over a period of four and a half years, will be built, owned, operated, and later transferred.

This marks AESL’s third HVDC project following the completion of the Mundra—Mahendragarh project and the ongoing Aarey-Kudus project.

Other competitors who qualified in the technical round included Power Grid Corporation of India, Sterlite Grid 37, and IndiGrid 2.

With the addition of this order, AESL's under-execution order book now stands at Rs 547.61 billion, expanding its transmission network to 25,778 ckm and a transformation capacity of 84,186 MVA.

In a related development, last November, Power Finance Corporation transferred its special purpose vehicle, Pune-III Transmission, to AESL, which emerged as the successful bidder for evacuating 7 GW of power from Khavda, Gujarat, under Phase IV, Part D, for Rs 187.8 million.

Additionally, in 2023, AESL's parent company Adani Group’s subsidiary, Adani Energy Solutions, secured financial closure for its $1 billion Green HVDC link project in Mumbai.