Latest news with #PumpedStorageProjects
Business Standard
4 days ago
- Automotive
- Business Standard
Adani Energy Solutions wins Rs 1660 cr inter-state transmission project in Maharashtra
Adani Energy Solutions (AESL) has won a Rs 1,660 crore inter-state transmission project in Maharashtra. The project scope 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 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 was formally transferred to AESL today. 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 Rs ~61,600 crore.
India Gazette
4 days ago
- Business
- India Gazette
Adani Energy Solutions secures Rs 1,660 crore transmission project in Maharashtra to boost green power evacuation
Ahmedabad (Gujarat) [India], May 30 (ANI): Adani Energy Solutions Ltd (AESL) announced on Friday that it has won a significant Rs 1,660 crore inter-state transmission project in Maharashtra. The project aims to facilitate green energy evacuation from the Raigad region. AESL is a private-sector transmission and distribution company and part of the Adani Group. The project, awarded under the Tariff-Based Competitive Bidding (TBCB) mechanism and coordinated by REC Power Development and Consultancy Ltd (RECPDCL), will be implemented through a Special Purpose Vehicle (SPV) named WRNES Talegaon Power Transmission Ltd, which has now been formally transferred to AESL, the company said in a release. The transmission project involves creating 3,000 megavolt-amperes (MVA) of substation capacity and associated infrastructure. It is expected to be commissioned by January 2028, it said. Once completed, the project will support the evacuation of 1.5 GW of green power from upcoming hydro Pumped Storage Projects (PSPs) in the region, catering to the growing electricity demand in Mumbai and adjoining areas. This latest contract win takes AESL's overall transmission network to 26,696 circuit kilometers (ckm) and transformation capacity to 93,236 MVA. More notably, it boosts the company's transmission order book to approximately Rs 61,600 crore. 'The development underlines AESL's growing role in India's energy transition, as it continues to expand its footprint in sustainable infrastructure while contributing to the country's renewable energy goals,' the AESL release added. (ANI)
Time of India
4 days 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.
Hans India
4 days ago
- Business
- Hans India
Adani Energy Solutions bags Rs 1,660 crore transmission project in Maharashtra
Ahmedabad: Adani Energy Solutions Ltd (AESL) on Friday said it has won a Rs 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 Rs 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 Rs 2,427 crore, as the company posted 87 per cent PAT growth at Rs 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 Rs 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.
Mint
01-05-2025
- Business
- Mint
Need for dialogues to fast-track pumped storage projects in India: Power secretary
New Delhi, May 1 (PTI) There is a need for policy dialogues to fast-track development of pumped storage hydroelectricity projects in the country with a focus on reviewing procedural delays in such projects, Power secretary Pankaj Agarwal said on Thursday. The senior ministry official was addressing a 'Brainstorming Session on Pumped Storage Projects: Powering India's Renewable Future' organised by THDC India and Central Electricity Authority in association with NTPC in the national capital. In his address, Agarwal emphasised ensuring grid stability is a matter of urgent national priority and every state must actively contribute to this effort. "The secretary also said that there is a need of brainstorming and policy dialogue to fast-track PSP development, with a focus on reviewing procedural delays and streamlining processes and platforms like these are vital for building consensus and enabling coordinated sectoral action," THDC India said in a statement. He also emphasised that ensuring grid stability is a matter of urgent national priority and every state must actively contribute to this effort. According to the Ministry of Power, the Central Electricity Authority (CEA) has made ambitious plan to concur minimum 13 PSPs of about 22 GW during 2025-26. Most of these PSPs are targeted to be commissioned in four years and latest by 2030. Gurdeep Singh, CMD, NTPC, stressed on the urgent need for large-scale deployment of Pumped Storage Projects (PSPs), stating that the energy transition cannot succeed without robust storage solutions. Given the intermittent nature of renewables, he emphasised the need of storage capabilities for a stable shift to renewable energy and reliable grid management. R K Vishnoi, CMD, THDCIL, said that the focus will be on identifying roadblocks and exploring ways to ensure faster and more efficient execution of projects on the ground. Vishnoi also addressed the scope of automation in various aspects of operations and how it can ensure seamless operations, and enhance efficiency. THDC, a subsidiary of NTPC, is in the final stages of commissioning Pumped Storage Plant of 1,000 MW capacity at Tehri, Uttarakhand. First Published: 1 May 2025, 06:48 PM IST
