Bengaluru, India – February 9, 2025 – Hitachi Energy India Limited (NSE: POWERINDIA, BSE: 543187) has announced the receipt of a Letter of Intent (LOI) from Rajasthan Part I Power Transmission Limited for a high-voltage direct current (HVDC) project. The contract, which is yet to be formally executed, is awarded to a consortium comprising Hitachi Energy India Limited and Bharat Heavy Electricals Limited (BHEL).
Project Overview & Scope
The awarded project involves the design and execution of an HVDC Line Commutated Converter (LCC) terminal station for the transmission of renewable energy between Rajasthan and Uttar Pradesh. The key project specifications include:| Project Details | Description |
|---|---|
| Contracting Entity | Rajasthan Part I Power Transmission Limited |
| Consortium Partners | Hitachi Energy India Ltd. & BHEL |
| Project Type | Domestic |
| Scope of Work | Establishment of 6000 MW HVDC LCC terminal stations at Bhadla (Rajasthan) and Fatehpur (Uttar Pradesh) |
| Transmission Capacity | ±800 kV HVDC LCC terminal stations (4X1500 MW) at both locations |
| Associated Infrastructure | AC substations to support power evacuation |
| Execution Timeline | Multi-year project |
Strategic Significance
The HVDC link will facilitate the transfer of renewable energy from Bhadla III (Rajasthan) and Fatehpur (Uttar Pradesh), supporting India's growing clean energy infrastructure. Rajasthan is a major hub for solar power, while Uttar Pradesh's strategic location allows for efficient energy distribution across northern states.This contract aligns with Hitachi Energy’s long-term commitment to India's energy transition and strengthens its position in the power transmission sector. The advanced HVDC LCC technology ensures minimal transmission losses and enhances grid stability.
Regulatory & Financial Impact
- The contract falls under domestic transactions and does not involve related-party transactions.
- The contract value and financial specifics were not disclosed, but it is expected to be a major multi-year projectimpacting the company's order book positively.
Management Commentary
Poovanna Ammatanda, General Counsel & Company Secretary of Hitachi Energy India, stated:"This project is a significant milestone in our mission to drive sustainable energy solutions. The advanced HVDC technology will enhance grid reliability and help in integrating renewable power at scale."
Market Outlook & Investor Implications
- The HVDC segment is gaining traction in India due to the renewable energy push under the National Electricity Plan (NEP) 2024–2030.
- Hitachi Energy India’s involvement in such large-scale projects strengthens its foothold in India’s transmission sector.
- Investors may view this as a positive development, given its long-term revenue implications.
