Adani Energy Solutions Wins Power Transmission Project for Green Hydrogen Production in Gujarat
Key Ideas
  • Adani Energy Solutions (AESL) won a power transmission project in Gujarat under the TBCB mechanism, with a focus on green hydrogen and green ammonia production.
  • The project in Mundra, Gujarat, costing Rs 2,800 crore, includes the upgradation of the Navinal substation and construction of a 75 km long 765kV double-circuit line.
  • AESL's orderbook now stands at Rs 57,561 crore, and its transmission Ebitda is expected to double to Rs 7,600 crore by FY27E, driven by India's RE target.
  • The surge in demand in Mundra SEZ and Mumbai operations will lead to significant growth in regulated asset base and equity by FY27, boosting economic prospects.
Adani Energy Solutions (AESL), a part of Adani Group, has secured a power transmission project in Gujarat through a competitive bidding process. The project, valued at Rs 2,800 crore, aims to facilitate the production of green hydrogen and green ammonia in Mundra, Gujarat. The initiative involves upgrading the Navinal electrical substation by adding large transformers and constructing a 75 km long 765kV double-circuit line to connect to the Bhuj substation. This development is part of AESL's strategy to focus on renewable energy and sustainability. The company's orderbook has now reached Rs 57,561 crore with this win, signaling significant business growth. Analysts anticipate AESL's transmission Ebitda to double to Rs 7,600 crore by FY27E, driven by India's renewable energy goals. Additionally, the surge in demand in Mundra SEZ and the planned capex in Mumbai operations are expected to boost the regulated asset base and equity, fostering economic development in the region. The article also mentions the recent dispatch of a High-Pressure Alkaline Electrolyser by L&T Electrolyser for installation at a 1 MW green hydrogen plant at Deendayal Port, Kandla, indicating the growing interest and investment in green hydrogen technology in India.
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