Adani Transmission receives LOI for centre sector transmission project
Adani Transmission (ATL) has received Letter of Intent (LOI) from REC Transmission Projects Company (RECTPCL) to build, own, operate and maintain a transmission project in the state of Gujarat for a period of 35 years.
Anil Sardana, MD & CEO, Adani Transmission said, “Both the projects present substantial shareholder value creation as they are significantly value accretive within a relatively short gestation period. It is also a great opportunity to continue our commitment to transmitting bulk green power within the country and catering to India's climate goals.”
The project “Jam Khambaliya Transco Limited” comprises of approximately 40 ckt kms of 400 kV D/C line along with 400 kV Substation at Jam Khambaliya in Gujarat. This project is primarily being constructed to establish Transmission System associated with Long Term Applications from Gujarat’s Wind and Solar Energy Zone in Jamnagar. The associated transmission line in the project shall be used to evacuate power generated by renewable energy generators in Jam Khambaliya region to Lakadia Pooling station. The project has been awarded to Adani Transmission through Tariff Based Competitive Bidding Process.
@EPC World Media