Adani Energy Solutions Limited CC-Sep23.pdf · 2023-11-07
Yes, thanks Mohit for your question . Your question is about liquidation of these 1,26,971 numbers which I quoted as the transmission pipeline. Let me back off a little. The source of all this is the doc ument which came out in November and December last year highlighting the 500-gigawatt ambition which the MOP has laid down for green evacuation. Consequently, a lot of transmission lines need to be added and I think the total number there was by 2030 the number was almost Rs.250000 Crores. What we see is in the next 12 to 24 months we will be seeing liquidation of this Rs.1,26,000 odd Crores of pipeline. As we speak the bidding, and the reverse auction is going o n primarily two very heavyweight evacuations which are lined up. One is the Rajasthan corridor and the second is evacuation for Khavda which is almost 30 -gigawatt, the country ’s largest corridor, which is coming up , we are proudly participating both from our solar side and the transmission side as well. I think there is a small number which is left wherein the RFPs have not been issued but most of the RFPs have been issued as well and we strongly feel that a lot of this bidding will take place in next three to six months and I think we will see a lot of movement and conversion of this into orders as well. This quarter is certainly going to be very heavy with reverse options coming up as well, so I hope this answers your question, Mohit.
So look we are very interested in such corridors and such projects as well because from the groups perspective one of the things which we have demonstrated is an unparalleled project execution capabilities right from , let us say KVTL or WKTL or the India ’s or Southeast Asia’s first HVDC line which we brought up as well which we are maintaining so we are pretty much the only one in this segment, so yes we are very keen and also rightfully capable to execute this project. Well, there is no secret that there is a d earth of suppliers in 765 and above segment as well ; however, we are pretty much working on all quarters including strategic discussions with some of them now to secure our equipment and hence I do not think I would like to raise a red flag on this one . The only thing I would like to say is to sum up, yes, we are interested, yes, we are very excited about it as well and yes, we are working to make sure that if we are successful, we will really deliver this on time with finesse, which we are known for.