Deals5 Dec 2024, 04:18 pm
Adani Energy Solutions Receives Letter of Intent for 20 GW HVDC System Transmission Project in Rajasthan
AI Summary
Adani Energy Solutions Limited 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 has a capacity of 20 GW, was awarded through a Tariff Based Competitive Bidding Process. The letter of intent is contingent upon the company's acceptance and satisfaction of certain conditions within 10 days and is subject to the execution of binding agreements between the parties.
Key Highlights
- Adani Energy Solutions received a letter of intent for a 20 GW HVDC system transmission project in Rajasthan.
- The project was awarded through a Tariff Based Competitive Bidding Process.
- The letter of intent is contingent upon the company's acceptance and satisfaction of certain conditions within 10 days.
- The project is subject to the execution of binding agreements between Adani Energy Solutions and REC Power Development and Consultancy Limited.
- The project is for the establishment of a Transmission System for Evacuation of Power from a Renewable Energy Zone in Rajasthan.