Adani Energy Solutions Ltd has received Letter of Intent to acquire Halvad Transmission from PFC Consulting.

Halvad Transmission, a special purpose vehicle, has been set up by PFC Consulting for evacuating 7GW of renewable energy (RE) from Khavda RE park, Gujarat.

AESL would be investing Rs 3,000 crore to build, own, operate and maintain the 301 km (656 circuit kilometer or ckm) transmission project for a period of 35 years, a company statement said.

AESL won the project through tariff-based competitive bidding and will commission it in next 24 months.

AESL Managing director Anil Sardana said,"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."