Adani Energy acquires Rajasthan Part I Power Transmission

Adani Energy Solutions Ltd (AESL) officially acquired Rajasthan Part I Power Transmission Ltd from REC Power Development & Consultancy Ltd (RECPDCL) on January 20, 2025.  AESL emerged as the winning bidder with an annual transmission charge of Rs 35,570 million, outbidding three other contenders: Power Grid Corporation of India Ltd (PGCIL), Sterlite Power, and IndiGrid. The project, estimated to cost Rs 227 billion, involves setting up two 6,000 MW HVDC terminal stations at Bhadla (Rajasthan)…