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Adani Energy Solutions Ltd has secured long-term funding from a consortium of Japanese banks for its 950-km Bhadla Fatehpur HVDC transmission project, which will evacuate renewable energy from Rajasthan to the national grid. The 800 kV corridor, with a capacity of 6,000 MW, is scheduled for commissioning in 2029. Backed by MUFG and SMBC, and supported by Hitachi and BHEL for technology, the project highlights strong India Japan cooperation in green infrastructure and grid modernisation.
Adani Energy Solutions Ltd (AESL) has secured long-term financing from a consortium of Japanese banks for its 950-km Bhadla Fatehpur high-voltage direct current transmission project, a key infrastructure link for evacuating renewable energy into India's national grid. The company stated that the project will support rising clean power demand by moving electricity from Rajasthan's solar-rich regions to major consumption centres. Advertisement
The transmission corridor is being developed as a high-capacity 800 kV HVDC system with an evacuation capacity of 6,000 MW. It will connect Bhadla in Rajasthan to Fatehpur in Uttar Pradesh, creating a dedicated green energy pathway across states. The project is designed to handle large volumes of intermittent renewable power while maintaining grid reliability.
Once commissioned in 2029, the Bhadla Fatehpur link is expected to function as a critical green transmission artery. It will enable large-scale integration of renewable energy and strengthen grid stability for energy-intensive urban and industrial regions, particularly in northern and western India.
Rajasthan continues to be an important renewable energy base for the Adani Group. Adani Green Energy Ltd's projects in the state already supply clean power to AESL's subsidiary, Adani Electricity Mumbai Ltd. AEML currently sources over 40 per cent of its power from renewable energy, placing Mumbai among the world's major cities with a high share of sustainable electricity in its supply mix.
The financing is being led by MUFG Bank Ltd and Sumitomo Mitsui Banking Corporation, highlighting sustained overseas lender confidence in India's power transmission and renewable infrastructure plans. Japanese participation in the project extends beyond funding, with advanced HVDC technology being supplied by Hitachi in collaboration with Bharat Heavy Electricals Ltd.
These partnerships align with India's broader push to strengthen domestic manufacturing under the Make in India programme, while also reflecting Japan's established expertise in critical transmission technologies. The growing financial and industrial linkage between the two countries was also reflected in AESL recently receiving a BBB+ stable credit rating from Japanese rating agency JCR, in line with India's sovereign rating.
AESL's management said continued backing from Japanese banks and technology partners shows the depth of cooperation between India and Japan and their shared focus on building long-term, sustainable energy infrastructure. Legal advice for the transaction was provided by Latham & Watkins and Saraf & Partners for the borrower, while the lenders were advised by Linklaters and Cyril Amarchand Mangaldas.
Source PTI
FAQ
Q1. What funding has Adani Energy Solutions secured for the Bhadla Fatehpur project?
Adani Energy Solutions Ltd has secured long-term financing from a consortium of Japanese banks for its Bhadla Fatehpur HVDC transmission project. The funding is being led by MUFG Bank Ltd and Sumitomo Mitsui Banking Corporation, reflecting strong overseas lender confidence in India's power transmission and renewable energy infrastructure.
Q2. What is the Bhadla Fatehpur HVDC project and why is it important?
The project is a 950-km high-voltage direct current transmission corridor designed to evacuate renewable energy from Rajasthan to the national grid. With a capacity of 6,000 MW, it will play a key role in transporting large volumes of solar power from renewable-rich regions to major demand centres, supporting India's clean energy transition.
Q3. What are the technical features of this transmission corridor?
The corridor is being developed as a 800 kV HVDC system, which allows efficient long-distance transmission of power with lower losses. This technology is particularly suited for handling intermittent renewable energy while maintaining grid stability across states and regions.
Q4. When is the project expected to be commissioned and what impact will it have?
The Bhadla Fatehpur HVDC link is scheduled to be commissioned in 2029. Once operational, it is expected to act as a critical green energy artery, enabling large-scale renewable integration, improving grid reliability, and supporting power supply to urban and industrial hubs in northern and western India.
Q5. How does Japan's involvement extend beyond financing?
Japanese participation goes beyond funding, with Hitachi supplying advanced HVDC technology in collaboration with Bharat Heavy Electricals Ltd. This partnership supports India's Make in India programme while leveraging Japan's expertise in high-end transmission systems and grid modernisation technologies.
Q6. What does this project indicate about India Japan cooperation in energy infrastructure?
The project highlights deepening India Japan cooperation in green infrastructure and long-term energy development. Continued backing from Japanese banks and technology firms, along with AESL's recent BBB+ stable rating from Japanese agency JCR, reflects shared confidence in India's renewable energy growth and transmission expansion plans.
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