Adani Energy Solutions completes acquisition of Essar’s Mahan-Sipat Transmission assets

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AHMEDABAD: Adani Energy Solutions Limited, by means of its wholly owned subsidiary, Adani Transmission step-two Limited (ATSTL), on Thursday introduced it has acquired a 100% stake within the operational assets of Essar Transco Limited at Mahan-Sipat transmission located in Madhya Pradesh. The acquisition has been accomplished at an enterprise worth of Rs 1,900 crore.
The acquisition will add 673 ckt kilometre, 400 kV inter-state transmission line taking the cumulative community of AESL to at the least 21,000 ckt kilometre.
The acquisition will make sure the linking of absolutely operational inter-state transmission line assets in Mahan in Madhya Pradesh to Sipat pooling substation in Chhattisgarh. The challenge operates below the Central Electricity Regulatory Commission (CERC) regulated return framework and was commissioned in Sep 2018.
The share acquisition is pursuant to definitive agreements signed in June 2022, after acquiring requisite regulatory and different approvals, AESL mentioned in an announcement.
“The acquisition will consolidate AESL’s presence in central India with 4 operating assets having 3,373 ckt km in the region,” the corporate mentioned in an announcement.


Nilesh Desai
Nilesh Desaihttps://www.TheNileshDesai.com
The Hindu Patrika is founded in 2016 by Mr. Nilesh Desai. This website is providing news and information mainly related to Hinduism. We appreciate if you send News, information or suggestion.

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