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Adani Transmission acquires 100 per cent equity in Ghatampur SPV

Power News - Published on Mon, 25 Jun 2018

Image Source: ET
Adani Transmission said that it has acquired 100 per cent equity in share capital of Ghatampur Transmission Ltd which will set up 900 circuit Km transmission line to primarily evacuate power from 3X660MW Ghatampur Thermal Power Project. Adani Transmission said in a BSE filing that "The company has acquired 100 per cent equity share capital of GTL from REC Transmission Projects Company Ltd (RECTPCL) on June 19, 2018.”

According to statement, GTL, a special purpose vehicle, was incorporated in December 2016 by the RECTPCL to establish transmission system for evacuation of power from 3X660MW Ghatampur thermal power project.

The project has approximately 900 ckt kms of line at voltage levels of 765 KV and 400 KV. The company has acquired it from the RECTPCL pursuant to tariff based competitive bidding process carried out by the RECTPCL.

After this acquisition, GTL has become a wholly-owned subsidiary of the company.

Source :

Posted By : Nanda Koijam on Mon, 25 Jun 2018
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