Adani Transmission receives LoI for Lakadia Banaskantha Transco

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Capital Market
Last Updated : Oct 31 2019 | 10:04 AM IST
Adani Transmission has received a letter of Intent from REC Transmission Projects Company to build, own, operate and maintain a transmission project in the state of Gujarat for a period of 35 years.

The project, Lakadia Banaskantha Transco Limited, will comprise approximately 360 ckt kms of 765 kV D/C line along with 765 kV bays at Lakadia and Banaskantha Substations in Gujarat. This project is primarily being constructed to establish Transmission System associated with Long Term Applications from Gujarat's Wind and Solar Energy Zone in Radhanesda. The transmission line to be constructed in this project shall be used to evacuate power to Lakadia Pooling station.

The project has been awarded to Adani Transmission through Tariff Based Competitive Bidding Process.

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First Published: Oct 31 2019 | 9:49 AM IST

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