Adani Energy Solutions acquires Essar’s Operational Mahan-Sipat Transmission assets
This acquisition will add 673 ckt kms, a 400 kV inter-state transmission line taking the cumulative network of AESL to more than 21,000 ckt kms.
![Adani Energy Solutions acquires Essar’s Operational Mahan-Sipat Transmission assets](https://www.psuconnect.in/sdsdsd/adani7.jpg)
Adani Energy Solutions Ltd (AESL), the largest private transmission and distribution company in India with a growing smart metering portfolio, has acquired a 100% stake in Essar Transco Limited after obtaining requisite regulatory and other approvals for an Enterprise Value of Rs 1,900 crores. The share acquisition is under definitive agreements signed in June 2022.
The acquisition covers a fully operational 400 kV, 673 ckt km inter-state transmission line linking Mahan in Madhya Pradesh to the Sipat pooling substation in Chhattisgarh. The project operates under the Central Electricity Regulatory Commission (CERC) regulated return framework and was commissioned on 22 Sep 2018.
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The acquisition of the Mahan-Sipat transmission network will consolidate AESL’s presence in central India with 4 operating assets having 3,373 ckt km in the region.
The acquisition is consistent with AESL’s philosophy of augmenting its existing capacities and bringing in efficiency through operational synergies and creating a network effect. Along with a robust energy demand, the ability to recognize and tap market opportunities within the areas of interest continues to propel and position AESL at the forefront of energy transition in India.
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