Adani Transmission (ATL) has acquired Bikaner-Khetri transmission project in Rajasthan from PFC Consulting, according to a regulatory filing. The company won the project linked to renewable power generation in Rajasthan through a tariff-based competitive bidding process.
ATL signed a share purchase agreement with PFC Consulting on September 20 for acquiring Bikaner-Khetri Transmission, a special purpose vehicle incorporated by PFC Consulting, for the implementation of the project.
ATL also completed the acquisition on September 20, the filing said.
The project is primarily being constructed to establish transmission system associated with Long Term Applications from Rajasthan Solar Energy Zone (SEZ) Part-0.
The company will build, own, operate and maintain the transmission project for a period of 35 years. The project consists of approximately 480 circuit (ckt) km of 765kV line along with associated transmission system.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
Find the best of Al News in one place, specially curated for you every weekend.
Stay on top of the latest tech trends and biggest startup news.
