New Launch5 Dec 2024, 04:45 pm
Adani Energy Solutions Emerges as Preferred Bidder for Mega HVDC Transmission Project in Rajasthan
AI Summary
Adani Energy Solutions Ltd has received a letter of intent from REC Power Development and Consultancy Limited for the establishment of a Transmission System for Evacuation of Power from a Renewable Energy Zone in Rajasthan. The project, which was obtained through a Tariff Based Competitive Bidding Process, is subject to certain conditions and the execution of binding agreements between the parties.
Key Highlights
- Adani Energy Solutions received a letter of intent from REC Power Development and Consultancy Limited for a Transmission System for Evacuation of Power from a Renewable Energy Zone in Rajasthan.
- The project is part of Phase-III Part-I of the transmission system for evacuation of power from the Renewable Energy Zone in Rajasthan.
- The project was obtained through a Tariff Based Competitive Bidding Process.
- The letter of intent is contingent upon the Company's unconditional acceptance and satisfaction of certain conditions within 10 days from the date of issuance.
- The project is subject to the execution of binding agreements between the parties.