AHEMDABAD: AdvertEnergy Solutions Ltd (AESL) on Monday acknowledged that it has accomplished SPV acquisition of Khavda Phase IV Part-A transmission venture after receiving a letter of intent (LOI) from REC Power (*7*) and Consultancy.
The firm additionally added that the award of this venture additional strengthens AESL’s place as a frontrunner in India’s energy transition and consolidates its place as the most important non-public sector transmission participant in India.
Khavda IVA Power Transmission, a particular objective automobile (SPV,) arrange by RECPDCL for evacuating 7 GW of Renewable Energy (RE) from Khavda RE park, below Phase IV Part A package deal, has been acquired by AESL to execute the venture.
The firm added that the Khavda IVA transmission line, half of National Grid, will assist evacuate 7 GW of RE by connecting 765 kV double circuit strains from Khavda to Lakadia and Khavda to Bhuj (each in Gujarat) and establishing transformation capability of 4,500 MVA.
As per the assertion by the corporate, Khavda, the world’s largest renewable energy park, with a deliberate era capability of 30 GW, will immensely contribute to India’s decarbonization journey.
The award of this venture to AESL boosts the supply of crucial transmission infrastructure required for evacuation of clear energy. The Adani Group’s centered method may also make sure the transformation of Khavda from a barren stretch of land right into a landmark in India’s internet zero journey.
“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, 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” stated Kandarp Patel, Chief Executive Officer, AESL.
The firm gained the venture by means of the Tariff-Based Competitive Bidding (TBCB) course of and can fee the venture in the subsequent 24 months on BOOT (Build, Own Operate, and Transfer) foundation and keep it for the subsequent 35 years.
The firm will make investments roughly Rs 4,091 crore to construct the approx. 298 km (596 ckm) transmission venture. The venture additionally consists of establishing of 300 MVAr STATCOM and 3×1500 MVA, 765/400 kV Inter-connecting Transformer (ICTs) with 1×330 MVAr, 765 kV and 1×125 MVAr, 420 kV bus reactors.
The firm additionally added that the award of this venture additional strengthens AESL’s place as a frontrunner in India’s energy transition and consolidates its place as the most important non-public sector transmission participant in India.
Khavda IVA Power Transmission, a particular objective automobile (SPV,) arrange by RECPDCL for evacuating 7 GW of Renewable Energy (RE) from Khavda RE park, below Phase IV Part A package deal, has been acquired by AESL to execute the venture.
The firm added that the Khavda IVA transmission line, half of National Grid, will assist evacuate 7 GW of RE by connecting 765 kV double circuit strains from Khavda to Lakadia and Khavda to Bhuj (each in Gujarat) and establishing transformation capability of 4,500 MVA.
As per the assertion by the corporate, Khavda, the world’s largest renewable energy park, with a deliberate era capability of 30 GW, will immensely contribute to India’s decarbonization journey.
The award of this venture to AESL boosts the supply of crucial transmission infrastructure required for evacuation of clear energy. The Adani Group’s centered method may also make sure the transformation of Khavda from a barren stretch of land right into a landmark in India’s internet zero journey.
“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, 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” stated Kandarp Patel, Chief Executive Officer, AESL.
The firm gained the venture by means of the Tariff-Based Competitive Bidding (TBCB) course of and can fee the venture in the subsequent 24 months on BOOT (Build, Own Operate, and Transfer) foundation and keep it for the subsequent 35 years.
The firm will make investments roughly Rs 4,091 crore to construct the approx. 298 km (596 ckm) transmission venture. The venture additionally consists of establishing of 300 MVAr STATCOM and 3×1500 MVA, 765/400 kV Inter-connecting Transformer (ICTs) with 1×330 MVAr, 765 kV and 1×125 MVAr, 420 kV bus reactors.
