Adani Energy Solutions Limited Latest English news | Adani Energy Solutions Limited Online News in English at Lokmattimes.com

Adani Energy Solutions Limited (AESL) on Monday said it has achieved financial closure for its $ 1 billion green high voltage direct current (HVDC) link project, that will increase renewable energy supply to Mumbai.The 80-km multi-faceted project will offer a technological upgradation to the Mumbai city. The construction work for this link will begin in October 2023, AESL (erstwhile Adani Transmission Ltd) said in a statement.AESL has announced successful financial closure for its $ 1 billion Green HVDC link project, which will enable further greening of the Mumbai Grid by supplying more renewable power to the city while supporting its rising electricity demand, it said. HVDC transmission technology is superior to other conventional technologies as it stabilizes power distribution networks, where sudden new loads or blackouts in one part of the network may lead to synchronization problems and cascading failures.The link shall bulk inject an additional 1,000 MW of renewable power into the city, thus ensuring uninterrupted power supply in future. Adani Electricity Mumbai Ltd (AEML), being the largest electricity distribution company, has committed to increasing the share of renewable energy in the overall mix to 60 per cent by 2027.The project will help accelerate the city's decarbonization and its net zero journey. We would like to express our sincere appreciation to our banking partners for their continued support in completing the transaction smoothly and for their enduring faith and confidence in AESL, said Anil Sardana, MD, AESL.Mumbai's electricity demand is expected to touch 5,000 MW by FY25, from the current peak demand of 4,000 MW. The island city has only 1,800 MW of embedded generation capacity and the existing transmission corridors face capacity constraint risks.

Home

City

Latest News

Cricket

LT Premium

National

International

Maharashtra

Opinions

Chhatrapati Sambhajinagar

Nagpur

Entertainment

Photos

Business

Technology

Sports

Lifestyle

Social Viral

Lokmat Games

Health

Marathi Language Controversy

Maharashtra News

Mumbai Local

Weather Update

Mumbai Rains

Ahmedabad Plane Crash

Adani Energy Solutions Limited, NewsFOLLOW

Adani energy solutions limited, Latest News

Maharashtra :BMC Steps Up Pre-Monsoon Preparedness Ahead of Southwest Monsoon Arrival in Mumbai

Mumbai: The India Meteorological Department has forecast the arrival of the southwest monsoon in Mumbai during the first week ... ...

Maharashtra :Mumbai: Adani Energy Solutions gets financial closure for $1 billion for green HVDC link project

Adani Energy Solutions Limited (AESL) on Monday said it has achieved financial closure for its $ 1 billion green ... ...