Adani, Sterlite Power Complete Acquisition of Transmission Networks For 7 GW Evacuation from Khavda

Khavda: AESL Acquires 7 GW RE Transmission Network from RECPDCL

Adani Energy Solutions Ltd (AESL), the transmission and distribution company of the Adani group, has completed the acquisition of the Special Purpose Vehicle (SPV) of the Khavda Phase IV Part-A transmission project, after receiving a letter of intent (LOI) from REC Power Development and Consultancy Ltd.

Khavda IVA Power Transmission Ltd, a special purpose vehicle (SPV,) set up by RECPDCL for evacuating 7 GW of Renewable Energy (RE) from Khavda RE park, under Phase IV Part A package, has been acquired by AESL to execute the project. The Khavda IVA transmission line, part of the National Grid, will help evacuate 7 GW of RE by connecting 765 kV double circuit lines from Khavda to Lakadia and Khavda to Bhuj (both in Gujarat) and setting up a transformation capacity of 4,500 MVA.

AESL won the project through the Tariff-Based Competitive Bidding (TBCB) process and will commission the project in the next 24 months on a BOOT (Build, Own Operate, and Transfer) basis and maintain it for the next 35 years. The company will invest approximately Rs 4,091 crore to build the ~298 km (596 ckm) transmission project. The project also includes setting up 300 MVAr STATCOM and 3×1500 MVA, 765/400 kV Inter-connecting Transformers (ICTs) with 1×330 MVAr, 765 kV, and 1×125 MVAr, 420 kV bus reactors.

Sterlite Power Also Announces Khavda Acquisition 

On the same day, Sterlite Power, also announced securing Khavda Phase-IV (7GW): Part C project to develop the transmission system for evacuating power from the potential renewable energy zone in the Khavda region. This order win marks Sterlite Power’s second venture into green energy transmission projects in the state of Gujarat and is the company’s fifth green energy evacuation project overall. The 30 GW capacity hybrid (solar and wind) renewable energy park at Khavda, located along the Indo-Pak border, was inaugurated by Prime Minister Modi in December 2020. The Phase-IV transmission scheme aims to evacuate an additional 7 GW of renewable energy from this park with a scheduled COD of 24 months from SPV acquisition.

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Sterlite Power announced the acquisition of Khavda IV C Power Transmission Limited, a Special Purpose Vehicle (SPV) from REC Power Development and Consultancy Limited, a wholly-owned subsidiary of REC Limited. 

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The Phase IV, Part C project includes the construction of various major integral components – 1) a 258 km, 765kV transmission corridor connecting South Olpad (GIS) S/s to Boisar-II (GIS) S/s., 2) construction of a 6000 MVA, 765/400/220kV GIS Substation at Boisar-II. 3) construction of two LILO lines, covering approximately 162 km and terminating at Boisar-II, 4) construction of a 21 km, 400kV transmission corridor connecting from Boisar-II (GIS) S/s to Velgaon (GIS) S/s. The project also includes the implementation of STATCOM systems at Boisar-II and Navsari substations.

Khavda is emerging as the largest solar park in India after Bhadla, with a likelihood of crossing Bhadla soon in terms of installed capacity. Besides Adani, NTPC also has a massive 4750 MW solar plan for the region.