Media Release

Big Leap of Adani Transmission Ltd. – Transmission network to surpass 10,000 ckt kms on completion of acquisition of Reliance Infra’s OPERATIONAL Transmission Assets

Editor’s Synopsis

  • Adani Transmission Ltd (ATL) signs Binding Term Sheet with Reliance Infrastructure Ltd. (RInfra)
  • To surpass 10000 ckt kms on completion of acquisition of Reliance Infra’s OPERATIONAL Transmission Assets
  • To be completed in current financial year
  • All the assets are operating at an average availability of more than 99.50% since COD

 

Ahmedabad, October 5, 2016: Adani Transmission Ltd (ATL), the largest private power transmission company operating in India, announced today the signing of Binding Term Sheet with Reliance Infrastructure Ltd. (RInfra) to acquire the following INTER-STATE operational transmission assets in a manner consistent with Transmission Service Agreement and subject to Statutory and Regulatory Approvals/Consents:

 

100% stake of Western Region Strengthening System Scheme B (WRSSS B) – around 2089 ckt kms.
100% stake of Western Region Strengthening System Scheme C (WRSSS C)  – around 974 ckt kms.
74% shares of R-Infra in Parbati Koldam Transmission Company Limited (PKTCL). PKTCL is a joint venture between R-Infra and Power Grid Corporation of India Limited (“PGCIL”). R-Infra holds 74% equity stake and PGCIL holds 26% equity stake in the Company – around 458 ckt kms.

 

All the assets are operating at an average availability of more than 99.50% since COD.

Speaking on this achievement, Mr. Gautam Adani, Chairman of Adani Group, said “Adani Transmission Ltd. has grown its wings in transmission sector with a commitment to maintain its leadership position in the transmission sector of the country. With this acquisition, ATL will enjoy substantial benefit of scale driving and is in sync with the deep-rooted strategy of ATL to enhance the value for the stakeholders through both organic as well as inorganic growth.

 

This acquisition is expected to be completed in current financial year and subject to due diligence, definitive documentation, applicable regulatory approvals and certain other conditions.

 

Brief Overview of the Assets:

 

Western Region Strengthening System Scheme B (WRSSS B) project comprises of 2089 Ckt-km transmission lines - 400 kV D/C Pune – Aurangabad, 400 kV D/C Solapur – Kolhapur, 400 kV D/C Solapur – Parli, 400 kV D/C Parli – Pune, LILO of Sholapur - Karad 400 kV D/C T/L at Solapur, LILO of 400 KV Lonikhand - Kalwa Ckt I, LILO of 400 KV Lonikhand - Kalwa Ckt II and associated assets. The project was awarded through competitive bidding process and commissioned in January, 2014 and since then has been in successful operation.

 

Western Region Strengthening System Scheme C (WRSSS C) project comprises of 974 Ckt-km transmission lines - 400 kV D/C Limbdi –Vadavi, 400 kV D/C Vadavi-Kansari, 400 kV D/C Rajgarh - Karamsad and associated assets. The project was awarded through competitive bidding process and commissioned in December, 2015 and since then has been in successful operation.

 

Parbati Koldam Transmission Company Limited (PKTCL) operates total assets of 458 Ckt-km of transmission lines comprising, 400 kV S/C Banala - Parbati II, 400 kV S/C Parbati II - Parbati III, 400 kV S/C Banala - Koldam Ckt I, 400 kV S/C Banala - Koldam Ckt II, 400 kV D/C Koldam – Ludhiana and other associated assets. The project was awarded on Cost plus basis and commissioned in November, 2015 and since then has been in successful operation.

 

 

Adani Transmission Ltd. is the largest power transmission company operating in the private sector in India and owns, operate and maintain around 5,000 Ckt Kms of transmission lines ranging from 400 KV to 765 KV, with a total transformation capacity of more than 12,000 MVA. ATL has four fully operational Transmission Systems that primarily serve the Northern and Western regions of India and is also constructing additional projects of around 1900 Ckt Kms in Rajasthan, Chhattisgarh, Madhya Pradesh, Maharashtra, Jharkhand & Bihar, which were awarded through Tariff Based Competitive Bidding process. Recently, ATL has also entered into Definitive Agreement with GMR Energy Ltd. to acquire Maru Transmission Service Company Limited (MTSCL) and Aravali Transmission Service Company Limited (ATSCL). With completion of all ongoing projects and acquisition of MTSCL and ATSCL along with this deal, the network of ATL is expected to increase from around 5000 Ckt Kms to 10800 Ckt Kms and expected to expand its transmission network in the state of Punjab, Himachal Pradesh and Karnataka.

© 2018 Adani Group
Disclaimer
cancel

Adani Transmission Limited retains copyright on all the text, contents, graphics and trademarks displayed on this site. All the text, graphics and trademarks displayed on this site are owned by Adani Transmission Limited.

The information on this site has been included in good faith and is for general purpose only and should not be relied upon for any specific purpose. The user shall not distribute text or graphics to others without the express written consent of Adani Transmission Limited. The user shall also not, without Adani Transmission Limited’s prior permission, copy and distribute this information on any other server, or modify or reuse text or graphics on this or any another system.

Although Adani Transmission Limited tries to ensure that all information and recommendations, whether in relation to the products, services, offerings or otherwise (hereinafter "information"), provided as part of this website is correct at the time of inclusion on the web site, Adani Transmission Limited does not guarantee the accuracy of the Information. Also, not all of the information may be up to date in all respect. Adani Transmission Limited makes no representations or warranties as to the completeness or accuracy of Information. Certain links in this site connect to other Web Sites maintained by third parties over whom Adani Transmission Limited has no control. Adani Transmission Limited makes no representations as to the accuracy or any other aspect of information contained in such other Web Sites.

Adani Transmission Limited hereby disclaims all warranties and conditions with regard to this information, including all implied warranties and conditions of merchantability, fitness for any particular purpose, title and non-infringement. In no event will Adani Transmission Limited, its related partnerships or corporations, or the partners, agents or employees thereof be liable for any decision made by the user and/or site visitor for any inference or action taken in reliance on the information provided in this site or for any consequential, special or similar damages. Applicable Law and Jurisdiction of this Disclaimer are governed by and to be interpreted in accordance with laws of India, without regard to the choice or conflicts of law provisions of any jurisdiction. The user/site visitor agrees that in the event of any dispute arising in relation to this Disclaimer or any dispute arising in relation to the web site whether in contract or tort or otherwise, to submit to the jurisdiction of the courts located at Ahmedabad (Gujarat) (India) only for the resolution of all such disputes.

Except for the historical information herein, statement in this website, which includes words or phrases such as “will”, “aim”, “will likely result”, “would”, “believe”, “may”, “expect”, “will continue”, “anticipate”, “estimate”, “intend”, “plan”, “contemplate”, “seek to “, “future”, “objective”, “goal”, “likely”, “project”, “should”, “potential”, “will pursue”, and similar expressions or variations of such expressions may constitute “forward-looking statements”. These forward-looking statements involve a number of risks, uncertainties and other factors that could cause actual results to differ materially from those suggested by the forward-looking statements. These risks and uncertainties include, but are not limited to our liability to successfully implement our strategy, our growth and expansion plans, obtain regulatory approvals, our provisioning policies, technological changes, investment and business income, cash flow projections, our exposure to the market risks as well as other risks. The company does not undertake any obligation to update forward-looking statements to reflect events or circumstances after the date thereof.