Adani Transmission inks pact to acquire Kharghar Vikhroli Transmission
The project is critical to the city of Mumbai
Adani Transmission has entered into a share purchase agreement with the Maharashtra State Electricity Transmission Company on 25 June 2020 for acquisition of the entire stake in Kharghar Vikhroli Transmission (KVTPL).
KVPTL project comprises approximately 34 km of 400 kV and 220 kV transmission lines along with 1500 MVA 400kV GIS Substation at Vikhroli in Mumbai. It was incorporated on 13 May 2019.
The project is critical to the city of Mumbai as the existing capacity of transmission corridor is not sufficient to carry further power into the city. The project will enable additional power to be brought into Mumbai and thus help in meeting future demand of the city.
KVPTL has an authorised share capital of Rs 10 lakh, paid-up, issued and subscribed share capital of Rs five lakh.
With this project, the cumulative transmission network of ATL will reach more than 14,808 ckt km of transmission line and more than 27,000 MVA transformation capacity, out of which more than 11,576 ckt km and more than 18,330 MVA are under steady state operation.
ATL also operates an integrated GTD business serving more than three million customers in Mumbai.