Joint Venture16 Nov 2025, 05:31 am
Hitachi Energy India and Bharat Heavy Electricals Consortium Assumes Rights and Obligations from Rajasthan Part Power Transmission Limited in HVDC Link Project
AI Summary
Hitachi Energy India Limited (INHE) and Bharat Heavy Electricals Limited (BHEL) have assumed all rights and obligations of Rajasthan Part Power Transmission Limited (RPPTL) under the Supply and Services Contracts for the High Voltage Direct Current (HVDC) link project. This transfer is due to a novation agreement executed between the parties and AESL Projects Limited (APL), a wholly owned subsidiary of Adani Energy Solutions Limited (AESL). The novation agreement transfers all past, ongoing, and future rights, liabilities, obligations, and duties of RPPTL to APL as the ‘Incoming Party’.
Key Highlights
- Hitachi Energy India Limited and Bharat Heavy Electricals Limited have assumed all rights and obligations of Rajasthan Part Power Transmission Limited under the Supply and Services Contracts for the HVDC link project.
- This transfer is due to a novation agreement executed between the parties and AESL Projects Limited, a wholly owned subsidiary of Adani Energy Solutions Limited.
- The novation agreement transfers all past, ongoing, and future rights, liabilities, obligations, and duties of RPPTL to APL as the ‘Incoming Party’.
- The HVDC link project aims to transmit renewable energy from Bhadla I (Rajasthan) and Fatehpur (Uttar Pradesh).
- The novation agreement was executed on November 14, 2025.