Adani Energy acquires Rs 40.91 Bn Khavda Project

Adani Energy Solutions Ltd. (AESL) announced that it has completed its acquisition of the special purpose vehicle (SPV) for the Khavda Phase IV Part-A transmission project, following the receipt of a letter of intent (LOI) from REC Power Development and Consultancy.

This acquisition reinforces AESL's leadership in India's energy transition and solidifies its status as the country's largest private-sector transmission player.

Khavda IVA Power Transmission, the SPV established by RECPDCL to facilitate the evacuation of 7 GW of renewable energy from the Khavda RE Park under the Phase IV Part A package, has now been acquired by AESL. The project includes the development of a transmission line that will connect 765 kV double circuit lines from Khavda to Lakadia and Khavda to Bhuj in Gujarat, with a transformation capacity of 4,500 MVA.

According to Adani Energy, the Khavda renewable energy park, the largest of its kind globally with a planned generation capacity of 30 GW, will play a significant role in advancing India's decarbonization efforts.

The award of this project to AESL is a critical step in enhancing the infrastructure necessary to evacuate clean energy. "As the world's largest renewable energy park, Khavda demands power evacuation infrastructure that is not only world-class but also resilient and future-ready," said Kandarp Patel, Chief Executive Officer of AESL. "This investment will not only establish the critical transmission network required to evacuate the planned 30 GW of green power that Khavda will generate but also provide the much-needed grid stability. AESL is proud to be part of this initiative as this network will play a very important role in the seamless flow of green energy to the national grid, bolstering India's journey towards net zero."