Adani Energy Solutions Ltd, formerly known as Adani Transmission Ltd is set to capture the spotlight as market watchers eagerly await the unfolding of the company’s groundbreaking initiatives. The anticipation arises from an official announcement made by a senior representative from its wholly-owned subsidiary, Adani Electricity Mumbai. The subsidiary revealed plans to infuse more than Rs 2,000 crore into the construction of two novel transmission lines within Mumbai, a strategic move aimed at fortifying the city’s energy network.
The ambitious endeavour is part of Adani Electricity Mumbai’s broader vision to foster sustainable practices and embrace renewable energy sources. The company aims to derive up to 60 percent of Mumbai’s energy requirements from renewable sources by 2027, a commitment that underscores its dedication to environmental stewardship.
To realise these transformative initiatives, Adani Electricity Mumbai recently achieved a significant milestone by securing Rs 1,700 crore in debt from international lenders. The infusion of funds will finance the forthcoming projects, which will be executed under the guidance of the parent company. The new transmission lines are poised to be pivotal components of Mumbai’s evolving energy landscape. One of these lines, named the Kharghar-Vikhroli line, spans 84 km and extends from the northeastern outskirts of the megalopolis to Vikhroli. The other line, the Thane-Aarey Colony line, is equally instrumental in enhancing the city’s energy infrastructure. The Kharghar-Vikhroli line is projected to be operational by 2025, while work on the Thane-Aarey Colony line is anticipated to commence after the former, with commissioning slated for 2027.
A senior executive from Adani Electricity Mumbai, speaking on the condition of anonymity, expressed enthusiasm about the upcoming endeavors. “We envision commencing the project’s implementation this October. The Thane line’s execution will follow suit, culminating in its commissioning by 2027,” the official disclosed.
“The financial outlay for these endeavors surpasses Rs 2,000 crore, with Rs 1,700 crore of the investment being facilitated through debt financing,” the official added. This financial commitment encompasses not only the construction of transmission lines but also the establishment of a 400-kV substation, a strategic move projected to augment the transmission capacity by 1,500 MW. Anticipating a surge in Mumbai’s energy demands, the company foresees peak demand exceeding 5,000 mw by the fiscal year 2025, compared to the current level of around 4,000 MW.
Adani Electricity Mumbai has displayed remarkable progress in its journey towards a more sustainable energy portfolio. The company, which serves over 34 lakh customers, or approximately 6 percent of the city’s total consumers, has drastically enhanced its supply of solar and wind energy. Over the past three years, the share of renewable energy in its supply mix has burgeoned from a mere 3 percent to an impressive 30 percent.
When asked about the feasibility of achieving the company’s ambitious target of achieving a 60 percent green energy mix by 2027, the senior official expressed confidence. “We are on track to meet, if not exceed, this target. Our hybrid approach combining solar and wind power has been met with success and we are optimistic about its future potential.”
At the heart of these transformative projects lies the city’s inaugural 400 kV substation facility, an innovation that holds immense promise for Mumbai’s energy infrastructure. The Kharghar-Vikhroli project, encompassing 34 km of 400 kV and 220 kV transmission lines, includes the establishment of a 400kV substation at Vikhroli.