Adani Energy Solutions Limited (AESL) said that it has received the Letter of Intent (LoI) for the acquisition of Halvad Transmission Ltd. from PFC Consulting Limited (PFCCL).

The Halvad Transmission Ltd., a special purpose vehicle (SPV), has been established by PFCCL for evacuating 7 GW of Renewable Energy (RE) from Khavda RE park, under Phase III Part A package.

Anil Sardana, MD, Adani Energy Solutions Ltd., said, "AESL is committed to partner with the government and developers of renewable energy to expedite efficient evacuation of renewable energy from the generating regions upto the consumers. The 7GW Khavda Project will go a long way in making additional renewable energy available for the consumers and we will use latest technology to commission this project with minimal environmental impact."

Winning this project further consolidates AESL's market-leading position and takes its network (installed and under-commissioning) to 20,518 ckm and 53,161 MVA of transformation capacity.