Adani Energy Solutions wins ₹4,700 cr transmission project in Maharashtra

Adani Energy Solutions Ltd (AESL) has secured a transmission project in Maharashtra valued at approximately Rs 4,700 crore. The project aims to facilitate the evacuation of renewable energy and bolster pumped storage initiatives capable of generating up to 4,500 MW. AESL's shares experienced a surge following the announcement, reaching an intraday peak of Rs 1,637.75 on the BSE Sensex, a 1.43% increase from its previous trading price of Rs 1,612.80.

The project, named "Network Expansion Scheme in Western Region to Cater to Pumped Storage Potential near Satara (up to 4500 MW) - Part A," was selected through a tariff-based competitive bidding process and is the lowest bidder. The project, managed by the special purpose vehicle Satara Power Transmission Ltd, is expected to be completed within 36 months and will enhance AESL's transmission network by adding 562 circuit kilometres of transmission lines and 9,000 MVA of transformation capacity.

Key components of the project include constructing a 765/400 kV substation at Satara, a Kolhapur-Satara 765 kV double-circuit transmission line, and an augmentation of the Kolhapur pooling station, accompanied by associated transmission infrastructure. Post-project, AESL's transmission network will expand to 29,739 circuit kilometres, with a transformation capacity of 1,43,425 MVA.

The addition of pumped storage projects is becoming a critical component of India's clean energy transition, providing essential flexibility and reliability to integrate large-scale renewable energy into the grid. AESL is committed to building future-ready transmission infrastructure that supports renewable energy growth, enhances grid stability, and aids India's long-term decarbonisation objectives.

Kandarp Patel, CEO of Adani Energy Solutions Ltd, emphasized AESL's dedication to advancing renewable energy development and grid reliability.