The project is probably going to ease transmission congestion and carry extra energy to meet the town’s future electrical energy wants.
“Adani Transmission (ATL) has received a Letter of Intent from the Maharashtra State Electricity Transmission Company (MSETCL) to build, own, operate and maintain a transmission project in Maharashtra for 35 years,” the corporate said.
The project includes growing Mumbai’s first ever 400 kV substation facility. The project has been awarded by way of a tariff-based aggressive bidding course of.
The project — Kharghar Vikhroli Transmission — includes roughly 34 km of 400 kV and 220 kV transmission strains, together with a 400kV GIS Substation at Vikhroli. In lower than two years, ATL has created a vital presence in Mumbai’s energy phase.
In August final yr, the agency had purchased Reliance Infrastructure’s Mumbai energy distribution enterprise for Rs 12,100 crore. At current, ATL caters to Three million clients in Mumbai by way of its distribution enterprise. The firm expects the Kharghar Vikhroli Transmission project to assist carry extra energy into the town.
“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 will enable additional power to be brought into Mumbai,” ATL stated in its assertion.
ATL’s newly received project can be anticipated to carry down Mumbai’s value of energy. “(The project will)….also allow additional source of power and bring down the cost of power for the citizens of Mumbai,” the assertion stated.
Earlier this week, it agreed to promote 25.1 per cent stake in its Mumbai energy distribution enterprise to Qatar Investment Authority for Rs 3,200 crore. Part of the sale settlement additionally requires ATL to distribute 30 per cent inexperienced energy by way of its Mumbai distribution enterprise by 2023.
At current, ATL operates a cumulative transmission community of round 11,477 circuit kilometres (ckm) and has one other 3,261 ckm at numerous levels of development. Its market share in Mumbai’s energy distribution enterprise is roughly 87 per cent by licence space, and 55 per cent by electrical energy provided.
First Published: Sun, December 15 2019. 00:31 IST