Adani Energy Solutions Ltd (AESL) has secured long-term financing from a consortium of Japanese banks for a High-voltage Direct Current (HVDC) transmission corridor designed to evacuate renewable power from Rajasthan to northern India’s load centres.
The ±800 kV HVDC link, with a capacity of 6,000 MW, will run 950 km connecting Bhadla in Rajasthan to Fatehpur in Uttar Pradesh and is scheduled for commissioning by 2029, the company said in a statement. The corridor will support the integration of large-scale renewable energy into the national grid.
AESL said the project financing is led by Japanese lenders MUFG Bank Ltd and Sumitomo Mitsui Banking Corporation (SMBC). The transmission system will deploy HVDC technology from Hitachi Energy in collaboration with Bharat Heavy Electricals Ltd (BHEL).
The company described the project as part of the Adani Group’s integrated clean energy platform. Rajasthan is a key generation hub for Adani Green Energy Ltd (AGEL), whose projects supply power to AESL subsidiary Adani Electricity Mumbai Ltd, which integrates over 40 percent renewable energy in its supply mix.
“This project marks a defining step in building India’s green transmission backbone. The continued support from our Japanese partners reflects the depth of the India–Japan partnership and our shared commitment to enabling a sustainable energy future,” AESL CEO Kandarp Patel said.
AESL said the financing has been raised under its sustainable debt framework and aligned with the Equator Principles, enabling lenders to classify the facility as a green loan. Legal advisers to the transaction included Latham & Watkins and Saraf & Partners for AESL, and Linklaters and Cyril Amarchand Mangaldas for the lenders.
