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Adani Transmission gets LoI from REC Transmission for project in Gujarat

02 Aug 2019 Evaluate

Adani Transmission has received the letter of intent (LoI) from REC Transmission Projects Company, a wholly owned subsidiary of REC to build, own, operate and maintain the transmission project in the state of Gujarat for a period of 35 years.

The project ‘WRSS XXI (A) Transco’ consists of approximately 272 ckt kms of 765kV line and 3000 MVA transformation capacity. This project is primarily being constructed to strengthen the Transmission System for relieving over loadings observed in Gujarat Intra-State System due to renewable energy Injections in Bhuj PS. This project has been awarded to the company through Tariff Based Competitive Bidding Process.

Adani Transmission is a holding company. The company operates as a power transmission company. It is engaged in transmission of electric energy and trading of castor oil.

Peers
Company Name CMP
NTPC 324.95
Tata Power 363.65
Adani Power 199.80
Power Grid Corpn. 266.35
Adani Energy Solut. 1342.60
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