Companies

Adani Transmission buys its entire stake in KVTPL

Our Bureau Mumbai | Updated on June 26, 2020 Published on June 26, 2020

Adani Transmission Limited (ATL) has bought out its entire stake in Kharghar Vikhroli Transmission (KVTPL).

KVTPL is a part of Maharashtra State Electricity Transmission Company Ltd (MSETCL). ATL had won this project through tariff-based competitive bidding and received the Letter of Intent in December 2019 to build, own, operate and maintain the transmission project in Maharashtra for 35 years.

KVPTL Project comprises approximately 34 km of 400 kV and 220 kV transmission lines along with 1500 MVA 400kV GIS Substation at Vikhroli, a north-east suburb in Mumbai. This project is critical to Mumbai as the existing capacity of transmission corridor is not sufficient to carry further power into the city. This project would enable additional power to be brought into Mumbai and would thus help in meeting the city’s future demand, Adani Transmission said in a statement.

Anil Sardana, MD & CEO, Adani Transmission Ltd, said, “The win also takes the Adani Transmission closer to its target of setting up 20,000 ckt km of transmission lines by 2022.”

With this project, the cumulative transmission network of ATL will reach more than 14,808 ckt km of transmission line and more than 27,000 MVA transformation, the company said.

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Published on June 26, 2020
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