Adani Energy Solutions has entered into definitive documents with Megha Engineering & Infrastructures for acquisition of KPS1 Transmission (KPS1) in a manner consistent with Transmission Service Agreement and applicable consents.
The proposal was approved by the committee of the Board of Directors of the Company at its meeting held on August 17, 2023. KPS1 Project includes implementation of KPS1-Khavda PS GIS (KPS2) 765 kV double circuit line & augmentation of Khavda PS1. This acquisition is proposed to further company’s strategy for enhancing value for its shareholders through organic as well as inorganic opportunities.
Adani Energy Solutions (formerly known as Adani Transmission) is the transmission business arm of the Adani Group, one of India’s largest business conglomerates.
