Mumbaikars can presently get adequate power indeed in summer at a competitive tax with the commissioning of KV 400 Kharghar Vikhroli transmission line. The Adani Transmission on Friday signed a Share Purchase Agreement and completed the acquisition of the SPV, Kharghar Vikhroli Transmission Private Constrained (KVTPL), joined by Maharashtra State Power Transmission Company Ltd (MSETCL). Mumbai’s demand is 3,200 mw but with the commissioning of the Kharghar Vikhroli transmission line, an extra 800 MW can be imported from anyplace at a competitive rate.
The BrihanMumbai Electric Supply and Transport (BEST), whose power purchase agreement with Tata Power is anticipated to a conclusion, will be in a position to get the whole 800 MW power and convey it to customers in its jurisdiction. Adani Transmission will construct, claim, work, and keep up the transmission extend for a period of 35 years. Maharashtra Electricity Regulatory Commission (MERC) in February final year had rejected the execution of 400 kV Vikhroli transmission project by Tata Power (Transmission), citing delays and lack of significant progress since 2011.
Adani Transmission MD and CEO Anil Sardana said, “With the signing of the Share Purchase Agreement for Kharghar Vikhroli Transmission Private Limited for execution of transmission project in the state of Maharashtra, ATL’s position as the largest private sector transmission company operating in India is consolidated further. It also takes the company closer to its target of setting up 20,000 ckt km of transmission lines by 2022.” Power Expert Ashok Pendse said the project is critical to Mumbai as the existing capacity of the transmission corridor is not sufficient to carry further power into the city.