{"id":9069,"date":"2024-05-17T11:21:45","date_gmt":"2024-05-17T05:51:45","guid":{"rendered":"https:\/\/enterprisenews.lk\/?p=9069"},"modified":"2024-05-17T16:12:22","modified_gmt":"2024-05-17T10:42:22","slug":"adani-energy-solutions-completes-acquisition-of-essars-operational-mahan-sipat-transmission-assets","status":"publish","type":"post","link":"https:\/\/enterprisenews.lk\/?p=9069","title":{"rendered":"Adani Energy Solutions completes acquisition of Essar\u2019s Operational Mahan-Sipat Transmission assets"},"content":{"rendered":"\n<p><em><strong>Adani Energy Solutions Limited (AESL) through its wholly owned subsidiary Adani Transmission Step-Two Limited (ATSTL) acquired a 100% stake in Essar Transco<\/strong><\/em><\/p>\n\n\n\n<p>Adani Energy Solutions Ltd (AESL), one of the largest private transmission and distribution company in South Asia with a growing smart metering portfolio, has acquired 100% stake in Essar Transco Limited after obtaining requisite regulatory and other approvals. The share acquisition is pursuant to definitive agreements signed in June, 2022.<\/p>\n\n\n\n<p>The acquisition covers fully operational 400 kV, 673 ckt kms inter-state transmission lines. The project operates under the Central Electricity Regulatory Commission (CERC) regulated return framework and was commissioned on 22 Sep 2018.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"alignright size-large is-resized\"><img fetchpriority=\"high\" decoding=\"async\" width=\"1024\" height=\"767\" src=\"https:\/\/enterprisenews.lk\/wp-content\/uploads\/2024\/05\/Photo-1024x767.jpeg\" alt=\"\" class=\"wp-image-9070\" style=\"width:379px;height:auto\" srcset=\"https:\/\/enterprisenews.lk\/wp-content\/uploads\/2024\/05\/Photo-1024x767.jpeg 1024w, https:\/\/enterprisenews.lk\/wp-content\/uploads\/2024\/05\/Photo-300x225.jpeg 300w, https:\/\/enterprisenews.lk\/wp-content\/uploads\/2024\/05\/Photo-768x575.jpeg 768w, https:\/\/enterprisenews.lk\/wp-content\/uploads\/2024\/05\/Photo-1536x1150.jpeg 1536w, https:\/\/enterprisenews.lk\/wp-content\/uploads\/2024\/05\/Photo.jpeg 1600w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n<\/div>\n\n\n<p>In accordance with AESL\u2019s capital management philosophy, ATSTL also raised financing at the most competitive terms. This establishes a new benchmark for AESL to raise capital and unlocks the lower-cost debt for its operational assets. The financing exemplifies the quality of AESL\u2019s utility cashflows with a long-term license life, well supported through a stable regulatory framework. MUFG Bank Ltd. is the sole lender for the financing.<\/p>\n\n\n\n<p>The acquisition is consistent with the AESL\u2019s philosophy of augmenting its existing capacities and bringing in efficiency through operational synergies and creating network effect. Along with a robust energy demand, the ability to recognize and tap market opportunities within the areas of interest continues to propel and position AESL at the forefront of energy transition in South Asia, including Sri Lanka.<\/p>\n\n\n\n<p><strong>ENDS<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Adani Energy Solutions Limited (AESL) through its wholly owned subsidiary Adani Transmission Step-Two Limited (ATSTL) acquired a 100% stake in Essar Transco Adani Energy Solutions Ltd (AESL), one of the largest private transmission and distribution company in South Asia with [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":9070,"comment_status":"open","ping_status":"open","sticky":true,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-9069","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"_links":{"self":[{"href":"https:\/\/enterprisenews.lk\/index.php?rest_route=\/wp\/v2\/posts\/9069","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterprisenews.lk\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterprisenews.lk\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterprisenews.lk\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterprisenews.lk\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=9069"}],"version-history":[{"count":0,"href":"https:\/\/enterprisenews.lk\/index.php?rest_route=\/wp\/v2\/posts\/9069\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterprisenews.lk\/index.php?rest_route=\/wp\/v2\/media\/9070"}],"wp:attachment":[{"href":"https:\/\/enterprisenews.lk\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=9069"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterprisenews.lk\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=9069"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterprisenews.lk\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=9069"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}