Adani Electricity Mumbai (AEML) plans to invest over Rs 2,000 crore to build two new transmission lines in the city, which will also help strengthen its network. The power distribution company aspires to increase to 60 percent of the green energy mix from renewables by 2027.
The two new transmission lines comprises the 84 CKm Kharghar (in Navi Mumbai)-Vikhroli line in the north-east and the Thane-Aarey Colony line. The Vikhroli line will be completed by 2025. Work on the Kharghar line would start from October, 2023 while the Thane line will begin after the first line, and commissioning is slated for 2027.
The project also includes setting up a 400-kV substation to raise the transmission capacity by 1,500 MW, as the company expects the peak demand to breach the 5,000 MW mark by FY25, from the current capacity of around 4,000 MW.
Of the Rs 2,000 crore-plus investment, Rs 1,700 crore will be debt-funded, as the company has secured Rs 1,700 crore debt from international lenders for the projects being executed by its parent Adani Transmission.
This project is critical to the city as it would enable additional power of 1000 MW to be brought into the city and would thus help in meeting its future demand. Adani received the licence for the project in December 2019.
On 14 August, 2023, Adani Energy Solutions also secured financial closure for another USD one billion from international lenders for its green transmission link project.
