Adani Electricity, a significant entity within the Adani Group, is poised to reinforce Mumbai’s renewable energy landscape with an investment of over Rs 2,000 crore in two groundbreaking transmission lines. This strategic investment is a pivotal step towards realizing the Adani Group’s ambitious goal of fulfilling approximately 60% of Mumbai’s energy requirements through sustainable and renewable sources by the year 2027.
Adani’s Rs 2,000 Crore Investment in Mumbai’s Renewable Energy Landscape
The esteemed conglomerate envisions enhancing Mumbai’s renewable energy capacity by developing two critical transmission lines. These vital projects encompass the Thane-Aarey Colony line and the Vikhroli line at Kharghar, located in the north-eastern quadrant of Mumbai. The latter, extending over an impressive span of 84 circuit km (ckm), holds immense promise for elevating Mumbai’s green energy potential.
Project Timeline: Progressing Towards Sustainable Energy Vision
Scheduled to commence in October, the project is set to make significant strides in the coming years. The Vikhroli line, anticipated to conclude its development by 2025, will be an instrumental contribution to Mumbai’s renewable energy ecosystem. This milestone will pave the way for the initiation of the second line – the Thane line – with operations projected to commence by 2027.
A pioneering facet of this visionary initiative is the construction of Mumbai’s inaugural 400 KV substation, which will substantially boost the city’s transmission capacity by an impressive 1500 MW. The Kharghar-Vikhroli undertaking involves the creation of an intricate web of 400 KV and 220 KV transmission lines, culminating in the establishment of a 400 KV substation at Vikhroli.
Milestone Anticipation: Vikhroli Line’s Impact on Renewable Energy
As Mumbai’s energy landscape evolves, the projected demand for electricity is forecasted to surge. With estimations indicating a rise to 5,000 MW by the financial year 2025, the Adani Group’s investment resonates with the growing energy requirements of the city.
Funding for these pivotal projects has been meticulously arranged. The earmarked investment of Rs 2,000 crore will be primarily financed through debt, with Rs 1,700 crore set to be secured through international lenders. Adani Transmission, the parent company of Adani Electricity, has proactively initiated the loan process, having recently completed the necessary documentation for the loan procurement.
