INSUBCONTINENT EXCLUSIVE:
Adani Transmission (ATL) on Monday said it has signed a share purchase agreement and completed the acquisition of the WRSS XXI (A) Transco
Ltd, incorporated by REC Transmission Projects Company
The acquisition was made for an undisclosed amount
With this acquisition, ATL's cumulative transmission network will reach more than 14,000 ckt kms of transmission line and more than
23,000 MVA transformation capacity, out of which more than 11,000 ckt kms and more than 18,000 MVA are under the steady-state operation, the
company said in a statement
"ATL will build, own, operate and maintain the transmission project in Gujarat for a period of 35 years
The project consists of around 272 ckt kms of 765kV line along with associated transmission system," it said
This project is primarily being constructed to strengthen the transmission system for relieving over loadings observed in Gujarat
intra-state system due to renewable energy injections in Bhuj
"With the signing of the agreement for execution of transmission project in Gujarat, ATL's position as the largest private sector
transmission company operating in India is consolidated further," company's managing director and CEO Anil Sardana said
This project also takes the company closer to its target of setting up 20,000 ckt km of transmission lines by 2022, he said
"The project will bolster the pan-India presence of the company while supporting the sustainable development of renewable energy
infrastructure development in the country
ATL also operates a distribution business serving about three million customers in Mumbai," Sardana added.