Team News Riveting
Raipur, January 19
Adani Transmission Limited, an arm of Adani Group, informed that the Company has signed share purchase agreement with PFC Consulting Limited on Tuesday for acquisition of its entire stake
in Khavda-Bhuj Transmission Ltd (KBTL).
The project, Khavda-Bhuj Transmission Ltd, primarily consists of approximately 220 ckt km of transmission line connecting Khavda pooling station with Bhuj pooling station and 4,500 MVA, 765 kV Gas Insulated Substation at Khavda, the company said in a regulatory filing today.
With an estimated capex of more than Rs 1,200 crore, ATL’s execution of the project will help evacuate about 3 GW of renewable energy from Khavda, Gujarat.
The project will help shape one of the country’s largest solar and wind farms.
KBTL is incorporated on May 17, 2021 and having presence in India. It is yet to commence business operations.
