Adani Energy Solutions (AESL) has acquired 100% of Vizag Power Transmission Ltd (VPTL) from REC Power Development and Consultancy Ltd (RECPDCL), strengthening its position in Andhra Pradesh’s emerging power-transmission infrastructure market. The acquisition follows AESL’s successful bid for an inter-state transmission project worth approximately ₹8,500 crore in the Vizag region.
The transmission system is being developed to support proposed green hydrogen and green ammonia projects around Visakhapatnam, with an estimated power demand of around 4,500 MW. The infrastructure is also expected to support rising electricity requirements from data centres and other digital infrastructure being developed in the Pendurthi-Vizag region. AESL said the acquisition was completed through a cash transaction and did not require government or regulatory approvals.
Adani Energy Solutions Acquires 100% of Vizag Power Transmission
AESL executed a Share Purchase Agreement with RECPDCL to acquire all equity shares of Vizag Power Transmission.
VPTL is the special purpose vehicle created for implementing the Andhra Pradesh transmission project that AESL won in July.
The acquisition gives AESL direct ownership of the project vehicle and allows it to proceed with the development of the transmission infrastructure.
| Acquisition Details | Information |
|---|---|
| Acquirer | Adani Energy Solutions |
| Target | Vizag Power Transmission Ltd |
| Seller | REC Power Development and Consultancy Ltd |
| Stake acquired | 100% |
| Transaction structure | Cash consideration |
| Face value per share | ₹10 |
| Related-party transaction | No |
| Regulatory approval | Not required |
| Project location | Andhra Pradesh |
| Project value | ~₹8,500 crore |
The acquisition is therefore closely linked to AESL’s recently awarded transmission project rather than being a standalone purchase of an operating power company.
The Acquisition Follows an ₹8,500 Crore Project Win
AESL won the Andhra Pradesh transmission project on July 24, 2026, through the government’s Tariff-Based Competitive Bidding framework.
The company emerged as the most competitive bidder for the project titled “Transmission System for Proposed Green Hydrogen / Green Ammonia Projects in Vizag Area, Andhra Pradesh (Phase-I).”
The project has an estimated value of around ₹8,500 crore.
Project Timeline
July 24, 2026
↓
AESL wins ~₹8,500 crore transmission project
↓
Project housed under Vizag Power Transmission
↓
August 14, 2026
↓
AESL acquires 100% of VPTL
↓
Project implementation moves forward
The project is contracted to be delivered within 30 months.
What Is Vizag Power Transmission?
Vizag Power Transmission is a special purpose vehicle created specifically for the transmission project.
The company was incorporated in India on February 16, 2026, and is registered with the Registrar of Companies in New Delhi.
Its authorised share capital is ₹5 lakh, while its paid-up share capital is ₹5 lakh.
| VPTL Detail | Information |
|---|---|
| Incorporation date | February 16, 2026 |
| Authorised share capital | ₹5 lakh |
| Paid-up share capital | ₹5 lakh |
| Turnover | Not applicable |
| Industry | Electric utilities |
| Business role | Transmission service provider |
| Ownership after transaction | 100% AESL |
Because VPTL was incorporated only in February 2026, it does not have an operating revenue history comparable with an established power-transmission company.
The Real Value Lies in the Transmission Project
The acquisition itself is relatively small in corporate-transaction terms because VPTL is a newly incorporated project vehicle with ₹5 lakh of paid-up capital.
The strategic significance comes from the approximately ₹8,500 crore transmission project housed within the SPV.
Acquisition vs Project Value
VPTL paid-up capital
↓
₹5 lakh
+
AESL acquisition
↓
100% ownership
+
Underlying transmission project
↓
~₹8,500 crore
The distinction is important: AESL is acquiring the SPV to execute a large infrastructure project, rather than buying a mature operating utility with an established revenue base.
Project Will Support 4,500 MW of Demand
The transmission system is designed to cater to estimated power demand of around 4,500 MW in the Vizag area.
A major source of this demand is expected to come from proposed green hydrogen and green ammonia projects.
The infrastructure will also support growing electricity requirements from data centres and digital infrastructure in the region.
Vizag Power Demand
Green hydrogen
+
Green ammonia
+
Data centres
+
Digital infrastructure
+
Industrial growth
↓
Estimated demand
↓
~4,500 MW
The project therefore connects multiple emerging sources of electricity demand in Andhra Pradesh.
Transmission Infrastructure Planned Under the Project
The project involves substantial high-voltage transmission infrastructure.
Its scope includes the development of:
- A 4×1,500 MVA, 765/400 kV GIS substation at Pendurthi in Vizag
- A 3×1,500 MVA, 765/400 kV substation at Khammam-II
- 1,582 circuit kilometres of transmission lines
- 10,500 MVA of additional transformation capacity
Project Infrastructure
Pendurthi, Vizag
↓
4 × 1,500 MVA
↓
765/400 kV GIS substation
+
Khammam-II
↓
3 × 1,500 MVA
↓
765/400 kV substation
+
Transmission lines
↓
1,582 ckm
+
Transformation capacity
↓
10,500 MVA
AESL’s Transmission Network Will Expand
Once the project is completed, AESL’s transmission portfolio will increase to 29,531 circuit kilometres.
Its total transformation capacity will reach 1,33,675 MVA.
| AESL Transmission Portfolio | After Project |
|---|---|
| Transmission network | 29,531 ckm |
| Transformation capacity | 1,33,675 MVA |
| Additional transmission lines | 1,582 ckm |
| Additional transformation capacity | 10,500 MVA |
The project therefore represents a meaningful addition to AESL’s transmission infrastructure portfolio.
Infographic: Vizag Transmission Project
“`text
ADANI ENERGY SOLUTIONS
│
▼
100% ACQUISITION OF VPTL
│
▼
VIZAG POWER TRANSMISSION
│
▼
~₹8,500 CRORE PROJECT
│
┌────────────┼────────────┐
│ │ │
▼ ▼ ▼
GREEN H₂ GREEN NH₃ DATA CENTRES
│ │ │
└────────────┼────────────┘
▼
~4,500 MW
DEMAND SUPPORT
│
▼
1,582 CKT KM
TRANSMISSION
│
▼
10,500 MVA
TRANSFORMATION
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