Adani Energy Solutions Ltd (AESL) has formally been awarded an interstate transmission system (ISTS) scheme housed under “Pune-III Transmission Ltd” under the TBCB route, making it the company’s fourth such win so far in this fiscal year.
In a stock exchange filing, AESL said that Pune-III Transmission Ltd was acquired from bid process coordinator PFC Consulting Ltd on November 19, 2024.
AESL won this project under the tariff-based competitive bidding (TBCB) route, getting the better of two other contenders Power Grid Corporation of India Ltd (PGCIL) and Sterlite Power.
The ISTS scheme is officially termed as “Transmission system for evacuation of power from potential RE zone in Khavda area of Gujarat under Phase IV (7 GW), Part D.” Estimated to cost Rs.3,455 crore (as per National Committee on Transmission), the scheme is scheduled for completion in 24 months.
Taking shape in Maharashtra, Pune-III Transmission involves, among other elements, setting up of a new 2×1500 MVA, 765/400kV and 3×500 MVA, 400/220kV Pune-III GIS substation near Pune, and a 765kV double-circuit line connecting this substation to the Boisar-II substation. The total transmission line network envisaged under this project is an estimated 816 ckm.
Fourth win of FY25
For Adani Energy Solutions Ltd, this is the fourth ISTS-TBCB win in FY25 so far. The three earlier wins are:
Scheme: Transmission system for evacuation of power from potential RE zone in Khavda area of Gujarat under Phase IV (7 GW), Part A
SPV: Khavda IV A Transmission Ltd
Date of SPV acquisition: August 30, 2024
Scheme: Network expansion in Gujarat for drawl of 3.6 GW load under Phase-I in Jamnagar area
SPV: Jamnagar Transmission Ltd
Date of SPV acquisition: October 14, 2024
Scheme: Network expansion scheme in Navinal (Mundra) area of Gujarat for drawl of power in the area
SPV: Navinal Transmission Ltd
Date of SPV acquisition: October 14, 2024
Also read: Adani Energy Solutions adds over 2,000 ckm to under-construction portfolio
Featured photograph (source: AESL) is for representation only
