Adani Electricity Mumbai (AEML) is launching a USD one-billion capital expenditure programme to improve Mumbai's power infrastructure.

This plan will last three to four years and will include several components, including the installation of two 2,000 MW transmission lines in the Mumbai and Thane areas.

These lines will connect Thane and Aarey, as well as Kharghar and Vikhroli.

The project’s financing strategy involves a revolving credit line from banks and a USD two-billion global medium-term note programme.

Adani Energy Solutions (AESL), AEML’s parent company, intends to raise around Rs 8,500 crore through a qualified institutional placement (QIP).

AEML has also partnered with nine international banks for a forthcoming 1000 MW transmission line from Kudus to Aarey, set to commence in a few months.

AEML’s broader vision encompasses adding 700 MW of solar and wind power capacity over the next few years.

Their plans also feature the installation of 27 lakh smart meters by FY25, including the already operational 4.3 lakh smart meters, which will significantly enhance energy management in the city and suburbs.