Essar Power to sell transmission line to Adani for Rs 1913 crore

[ad_1] Essar Power on Friday said it has entered into a definitive agreement with Adani Transmission To sell one of its two transmission lines for Rs 1,913 crore. Essar Power Transmission Company has 465 km of transmission lines in three Indian states. The assets dealt with is the 400 kV inter-state transmission line connecting Mahan with Sipat Pooling Substation. The project works under the Central Electricity Regulatory Commission (CERC) regulated return framework. Essar Power in a statement said it has entered into a definitive agreement with Adani Transmission Ltd to…