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Home BusinessIndia’s Adani Energy Solutions wins $493 mln transmission project in Maharashtra

India’s Adani Energy Solutions wins $493 mln transmission project in Maharashtra

by Nishat
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Aug 26 (Reuters) – India’s Adani Energy Solutions (ADAI.NS),  said on Wednesday it has ​won a 47-billion-rupee ($492.6 million) transmission project ‌in Maharashtra bolstering the conglomerate’s push to expand clean-energy infrastructure.The project will transmit up to 4,500 ​MW of renewable and storage power, and ​be delivered within 36 months, the company said.It ⁠will add 562 circuit kilometres of transmission ​lines and 9,000 MVA of transformation capacity ​to the company’s portfolio.India is racing to build the transmission network needed to meet its target ​of 500 GW of non-fossil fuel ​power capacity by 2030 and connect growing pumped-storage capacity ‌to ⁠the grid.The project will transmit renewable energy generated in Karnataka to load centres in Maharashtra, and will also support ​pumped storage ​ecosystem in ⁠the Satara, Pune and Mumbai Metropolitan Region, the company said ​in an exchange filing.The project ​includes ⁠a new substation in Satara, a transmission line connecting Kolhapur and Satara, and ⁠upgrades ​to the Kolhapur pooling ​station.

($1 = 95.4125 Indian rupees)

Reporting by Anuran Sadhu in Bengaluru; ​Editing by Janane Venkatraman and Nivedita Bhattacharjee.

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