Latest news with #ISTS
Mint
a day ago
- Business
- Mint
Adani Energy Solutions bags ₹1,600-crore transmission project, order book swells to ₹61,600 crore
Adani Energy Solutions Ltd (AESL) on Friday said it has secured an inter state transmission project in Maharashtra worth ₹ 1,600 crore. With this, its transmission order book now stands at ₹ 61,600 crore, the company said in a statement. The scope of the latest secured project includes establishment of 3,000 Mega Volt-Amperes (MVA) of substations capacity, besides other related transmission infrastructure, taking AESL's overall transmission network to 26,696 ckm and 93,236 MVA of transformation capacity. AESL is scheduled to commission the project by January 2028. The company said it has won this Inter State Transmission System (ISTS) project under the Tariff Based Competitive Bidding (TBCB) mechanism, while REC Power Development and Consultancy Ltd (RECPDCL) was the bid process coordinator.
Mint
a day ago
- Business
- Mint
Adani Energy Solutions bags ₹1,600-crore transmission project, order book swells to ₹61,600 crore
Adani Energy Solutions Ltd (AESL) on Friday said it has secured an inter state transmission project in Maharashtra worth ₹ 1,600 crore. With this, its transmission order book now stands at ₹ 61,600 crore, the company said in a statement. The scope of the latest secured project includes establishment of 3,000 Mega Volt-Amperes (MVA) of substations capacity, besides other related transmission infrastructure, taking AESL's overall transmission network to 26,696 ckm and 93,236 MVA of transformation capacity. AESL is scheduled to commission the project by January 2028. The company said it has won this Inter State Transmission System (ISTS) project under the Tariff Based Competitive Bidding (TBCB) mechanism, while REC Power Development and Consultancy Ltd (RECPDCL) was the bid process coordinator. AESL, part of the Adani portfolio, is a multi-dimensional organisation with a presence in various facets of the energy domain, like power transmission, distribution, smart metering, and cooling solutions.
Time of India
a day ago
- Business
- Time of India
Adani Energy Solutions bags ₹1,660 crore transmission project in Maharashtra
Ahmedabad: Adani Energy Solutions Ltd (AESL) on Friday said it has won a ₹1,660 crore inter-state transmission project in Maharashtra . The project scope includes the establishment of 3,000 megavolt-amperes (MVA) of substations capacity, besides other related transmission infrastructure, taking AESL's overall transmission network to 26,696 ckm (circuit kilometres) and 93,236 MVA of transformation capacity. AESL, India's largest private transmission and distribution company and part of the globally diversified Adani portfolio, said it is scheduled to commission the project by January 2028. The project, housed under the Special Purpose Vehicle (SPV), WRNES Talegaon Power Transmission Ltd, will help evacuate 1.5 GW of green power from upcoming hydro Pumped Storage Projects (PSP) in the region and will help meet demand from Mumbai and surrounding areas. The project SPV has formally been transferred to AESL. AESL won this Inter-State Transmission System (ISTS) project under the tariff-based competitive bidding (TBCB) mechanism, and REC Power Development and Consultancy Ltd (RECPDCL) was the bid process coordinator. With this order win, AESL's transmission orderbook now stands at ₹61,600 crore, informed the company. Adani Energy Solutions reported an impressive 103 per cent annual profit after tax (PAT) growth in FY25 at an all-time high of ₹2,427 crore, as the company posted 87 per cent PAT growth at ₹714 crore in Q4 (January-March). The Adani Group company also showed strong growth of 42 per cent (year-on-year) in its total income at ₹24,447 crore in FY25, which is the highest ever is driven by the contributions from the recently commissioned transmission projects, robust energy sales in Mumbai and Mundra utilities and contribution from the smart metering business. During the March quarter, the company secured two new transmission projects -- Navinal (Mundra) Phase I Part B1 and Mahan Transmission Ltd.
NDTV
a day ago
- Business
- NDTV
Adani Energy Solutions Bags Rs 1,600-Crore Transmission Project In Maharashtra
New Delhi: Adani Energy Solutions Ltd (AESL) on Friday said it has secured an inter state transmission project in Maharashtra worth Rs 1,600 crore. With this, its transmission order book now stands at Rs 61,600 crore, the company said in a statement. The scope of the latest secured project includes establishment of 3,000 Mega Volt-Amperes (MVA) of substations capacity, besides other related transmission infrastructure, taking AESL's overall transmission network to 26,696 ckm and 93,236 MVA of transformation capacity. AESL is scheduled to commission the project by January 2028. The company said it has won this Inter State Transmission System (ISTS) project under the Tariff Based Competitive Bidding (TBCB) mechanism, while REC Power Development and Consultancy Ltd (RECPDCL) was the bid process coordinator. AESL, part of the Adani portfolio, is a multi-dimensional organisation with a presence in various facets of the energy domain, like power transmission, distribution, smart metering, and cooling solutions.
Time of India
3 days ago
- Business
- Time of India
Sembcorp bags 150 MW solar project with 300 MWh storage capacity from SJVN
New Delhi: Sembcorp Industries , through its wholly-owned subsidiary Sembcorp Green Infra Private Limited (SGIPL), has secured a 150 MW solar power project integrated with a 300 MWh Battery Energy Storage System (BESS) from SJVN Limited . The Letter of Award issued by SJVN is part of its 1.2 GW tender for Inter-State Transmission System (ISTS)-connected solar projects with a total of 600 MW/2.4 GWh of battery storage capacity. The project will be implemented on a build-own-operate basis and is expected to commence commercial operations within 24 months from the signing of the 25-year Power Purchase Agreement (PPA). Upon completion, the project will supply solar power and support peak electricity demand for four hours daily through the BESS. Funding for the project will be sourced through a mix of internal funds and debt. This is Sembcorp's second solar-energy storage hybrid project in India. With this award, the company's gross renewables capacity in India has increased to 6.3 GW. Sembcorp's global renewables portfolio, including acquisitions pending completion, now stands at 17.7 GW.
