Adani to invest Rs. 2,000 cr to build 2 transmission lines in Mumbai city.

Adani Electricity Mumbai is investing over Rs. 2,000 crore to build two new transmissions lines in the city to strengthen its network as it moves closer to go more green by sourcing as much as 60 per cent of the energy needed for the city from renewables by 2027, a senior company official said.

The two new transmission lines comprise the 84 ckm Kharghar (in Navi Mumbai) Vikhroli line in the northeastern suburb of the megalopolis and the Thane-Aarey Colony line. The Vikhroli line will be ready by 2025.

"We hope to begin the work on the project from this October. The Thane line will begin after the first line and will be commissioned in 2027," a senior company official, who did not want to be quoted, told PTI.

The company reached financial closure last week by securing Rs. 1,700 crore debt from international lenders for the projects being executed by its parent Adani Transmission.

"We will be investing more than Rs. 2,000 crore for this, of which Rs. 1,700 crore will be debt-funded," the official said, adding the project also includes setting up a 400-kV substation which will raise the transmission capacity by 1,500 mw, as the company expects the peak demand for the megapolis to cross 5,000 MW mark by FY25 from around 4,000 MW now.

The official said the company has made rapid strides in improving the supply of green energy to the city where it serves more than 34 lakh customers or 6 per cent of the total consumers of the city, by increasing the supply of solar and wind power by 10 times in the past three years to 30 per cent now from only 3 per cent when three years ago.

BS