Adani Energy shares hit 52-week high as 1,000 MW power link goes live in Mumbai

In its press release, Adani Energy said that Adani Electricity Mumbai Infrastructure Limited (AEMIL), its subsidiary, has commissioned a 1,000 megawatt (MW) high-voltage direct current (HVDC) transmission link between Kudus and Aarey.

Kudus and Aarey are locations in Maharashtra, India. Kudus is a locality in the Palghar district, while Aarey (Aarey Milk Colony) is a green locality in Goregaon East, Mumbai.

The company said it is a significant step towards strengthening power infrastructure in Mumbai and the wider Mumbai Metropolitan Region (MMR).

The project, comprising a 30-kilometre (km) overhead line and a 50-km underground corridor, has been designed to operate within the constraints of a densely built urban environment. It also features the world’s first compact HVDC substation.

HVDC stands for High Voltage Direct Current.

"The Kudus–Aarey link is among the largest urban HVDC infeeds globally and is expected to significantly increase the share of power sourced from outside Mumbai, easing pressure on in-city generation and strengthening grid resilience as demand continues to grow across the MMR," the press release said.

Other details

Conceived in the aftermath of the October 2020 Mumbai blackout, which exposed vulnerabilities in the city’s power supply, the project reflects a broader push to strengthen grid resilience and reliability, the company said.

At its core, the link enables Mumbai and the MMR to draw more electricity from outside the city, including renewable energy generated in other regions, according to a statement.

The additional 1,000 MW of capacity helps reduce reliance on in-city generation, improves grid resilience, and lowers the risk of large-scale outages.

The project deployed Voltage Source Converter (VSC)-based HVDC technology.

It also offers key operational benefits, including dynamic voltage support, reduced transmission losses over long distances, and black-start capability, enabling restoration of power without relying on an external source and allowing quicker recovery in the event of outages.

What the top official said

Kandarp Patel, CEO, AES, said, “It is one of the fastest HVDC projects ever commissioned, which is powered by advanced VSC-based HVDC technology. The project enhances grid stability, decongests existing networks, and strengthens the city’s energy security.”

It must be noted that Hitachi Energy partnered with Adani Energy Solutions Ltd (AESL) to commission the project.

“The commissioning of the Mumbai HVDC city indeed is a moment of immense pride for Hitachi Energy,” said N. Venu, managing director and CEO, Hitachi Energy India, in a separate statement.

Shares of Hitachi Energy India also hit a 52-week high of ₹29,095 apiece on the NSE today.

At the time of writing this report, the stock was up over 1% at ₹28,645.