Adani Energy Solutions bags Halvad Transmission project in Gujarat

Adani Energy Solutions Ltd (AESL) has received a letter of intent to acquire Halvad Transmission from PFC Consulting. Halvad Transmission is a special purpose vehicle set up by PFC Consulting for evacuating 7GW of renewable energy from Khavda RE park in Gujarat. AESL will invest Rs 3,000 crore to build, own, operate and maintain the 301 km transmission project. AESL won the project through tariff-based competitive bidding and will commission it in the next 24 months.