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Adani Acquires Satara Power Transmission Project
7 Oct
Summary
- Adani Energy Solutions acquired Satara Power Transmission SPV.
- Project supports 4500 MW pumped storage near Satara, Maharashtra.
- Acquisition aids Adani's shareholder value enhancement strategy.
PFC Consulting, through its arm PFC Consulting, has transferred the Satara Power Transmission SPV to Adani Energy Solutions. The acquisition, finalized on October 6, 2026, followed a competitive bidding process. Adani Energy Solutions acquired the SPV for a consideration of Rs 19,01,24,505, as per the Share Purchase Agreement.
The Satara Power Transmission project is crucial for expanding the transmission network in the Western Region. It is designed to support pumped storage potential of up to 4500 MW near Satara, Maharashtra. This development is expected to enhance the inter-regional corridor capacity between the Southern and Western grids.
This strategic acquisition is in line with Adani Energy Solutions' objective of increasing shareholder value via both organic and inorganic expansion. The SPV, incorporated on July 10, 2026, had an authorized and paid-up share capital of Rs 1 lakh. The acquisition enables further evacuation of renewable energy towards load centers in Maharashtra.
