Key Contract for Renewable Energy Transmission in India
New Delhi, February 9, 2025 – Bharat Heavy Electricals Limited (BHEL) has secured a Letter of Intent (LOI) from Rajasthan Part I Power Transmission Limited, a Special Purpose Vehicle (SPV) under Adani Energy Solutions Limited, for the execution of the BF800 HVDC Project.Project Details and Scope
- Project Partner: The contract has been awarded to a consortium of BHEL and Hitachi Energy India Limited (HEIL).
- Nature of Work: The scope includes the design and execution of a High Voltage Direct Current (HVDC) linkwith associated AC substations.
- Energy Transmission: The project will facilitate the transmission of renewable energy from Bhadla III (Rajasthan) and Fatehpur (Uttar Pradesh).
- Technical Specifications:
- Establishment of two HVDC LCC terminal stations of 6000 MW at Bhadla (Rajasthan) and Fatehpur (Uttar Pradesh).
- Development of a ±800 kV HVDC LCC terminal station (4X1500 MW) for efficient energy transmission.
- Project Execution Timeline: The contract is scheduled for completion by 2030.
Strategic Importance
The project plays a critical role in enhancing India’s renewable energy infrastructure. The HVDC link will support the evacuation of green energy from Rajasthan and Uttar Pradesh, boosting national energy security and sustainability efforts.Contract Terms and Regulatory Compliance
- Domestic Award: The LOI has been issued by a domestic entity.
- Independence from Promoters: The awarding entity has no affiliation with BHEL's promoter group.
- No Related-Party Transactions: The contract does not fall under related-party transactions.
Outlook and Market Implications
BHEL’s involvement in this large-scale renewable energy transmission project aligns with its strategic push towards clean energy solutions. Investors and industry stakeholders view this as a positive development, reinforcing BHEL’s expertise in power transmission infrastructure.With the Indian government’s focus on expanding renewable energy capacity, this project strengthens BHEL’s role in executing critical national energy infrastructure.