Rajasthan Part I Power Transmission Limited, a subsidiary of Adani Energy Solutions Ltd ("AESL")., has awarded a major contract to a consortium comprising Hitachi Energy India Limited and Bharat Heavy Electricals Limited (BHEL). The contract will see the consortium design and deliver high-voltage direct current (HVDC) terminals to transmit renewable energy from the Bhadla area of Rajasthan to the industrial and transport hub in Fatehpur, Uttar Pradesh. The 6,000 megawatt (MW), 950 km HVDC link can power approximately 60 million households in India.
The 6,000 MW, ±800 kilovolt (kV) bi-pole and bi-directional HVDC terminals are part of the transmission system to transfer power from the potential renewable energy zone in the Bhadla area of Rajasthan under Phase-III Part I, which was awarded to AESL based on tariff-based competitive bidding. This HVDC link crosses 950 km and feeds into the country's 500 GW renewable evacuation and interstate transmission system. A strong HVDC system is essential in ensuring bi-directional power flow control and grid stability to meet India's rapid pace of renewable energy integration.
"For the last 75 years, Hitachi Energy in India has been involved in numerous nation-building power projects, including a majority of the HVDC links. We are immensely proud of our role in strengthening the country's energy system," said N Venu, Managing Director & CEO of Hitachi Energy India Ltd. "Being selected for two such large HVDC orders in quick succession, is a testament to our technology expertise and execution capabilities."
"By enabling efficient evacuation of renewable energy and connecting them to the national grid, AESL is playing its role in India's decarbonization journey. We will be deploying the latest technology and practices to deliver the project on time and with minimal environmental impact," said Kandarp Patel, CEO, AESL.
The project scope includes converter transformers, AC/DC control and protection, thyristor valves, 765 kV/400 kV grid connections, and auxiliary systems to be delivered by Hitachi Energy India Ltd. and its consortium partner BHEL. The contract is in furtherance to the Letter of Intent dated February 8, 2025, received from Rajasthan Part I Power Transmission Limited, by the consortium of Hitachi Energy India Limited and BHEL.
With India's economy poised to become the third-largest economy by 2030, economic activities are expected to increase manifold. Over the years, Hitachi Energy has preempted the demand growth in energy systems and invested in expanding and strengthening its manufacturing capabilities, focusing on localizing technology to meet the country's burgeoning energy needs.
Hitachi Energy is committed to maintaining leadership in its core portfolios - transformers, switchgear, power transmission systems, power quality, and grid automation which are crucial to contributing to the energy transition in India. Hitachi Energy India Limited recently completed the fund raising of INR 2,520.82 crores through Qualified Institutional Placement (QIP). The issue proceeds are proposed to be deployed in capacity expansions, working capital including for mega projects - including HVDC, and other avenues to accelerate growth in its India operations.
HVDC transmission is critical to integrating remote renewable energy sources into the power grid. This will help address rapidly growing power consumption and ensure uninterrupted and reliable quality electricity across the country.
HVDC technology is the most effective and cost-efficient way of transmitting clean energy over long distances. The flexibility of two-way power flow materially enhances the grid's strength and responsiveness, supporting India's strategic ambition to integrating more renewable energy into its energy mix.
2024 marked the 70th anniversary of HVDC technology, pioneered by Hitachi Energy globally. Today, Hitachi Energy has integrated more than 150 GW of HVDC links into power systems worldwide.
Shares of Hitachi Energy India Limited was last trading in BSE at Rs. 12432.25 as compared to the previous close of Rs. 12277.15. The total number of shares traded during the day was 2776 in over 497 trades.
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