Adani Acquires Transmission Project Linked to Renewable Power Generation in Gujarat
The acquisition will lead ATL to reach over 14,000 circuit kilometers of transmission line
October 16, 2019
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Ahmedabad-based Adani Transmission Limited (ATL), has signed a share purchase agreement and completed the acquisition of the WRSS XXI Transco Limited (WRSSTL) from REC Transmission Projects Company. WRSSTL is a project-specific special purpose vehicle (SPV) incorporated on March 26, 2019, as a wholly-owned subsidiary of REC Transmission Projects Company Limited and after successful completion of the bidding process for the project; the SPV was to be transferred to the selected bidder.