India’s Adani Energy Solutions wins Ksh.42 billion transmission project
India’s Adani Energy Solutions (ADAI.NS), the power transmission arm of billionaire Gautam Adani’s Adani Group, has won a Ksh.42 billion ($325 million) project in the western state of Gujarat, it said on Friday.
The project will create a power transmission system for a green hydrogen/ammonia manufacturing unit in Mundra, Gujarat and will be completed in three years, the company said in an exchange filing.
The company’s total orderbook stands at 575.61 billion rupees, it said.
India is aiming to produce 5 million tonnes per annum of green hydrogen by 2030 and will need 125 gigawatts of renewable energy for that.
The government is targeting at least 500 GW of non-fossil power capacity by 2030, up from 165 GW currently.
However, a lack of power transmission infrastructure is leading to delays in setting up renewable energy projects and cancellation of projects.
