Vodafone Idea Acquires 26% Stake in Aditya Birla Renewables SPV to Power Telecom Ops

In a strategic move to bolster its renewable energy portfolio, Vodafone Idea Limited has signed binding Purchase and Power Purchase Agreements (PPAs) on August 12, 2025, to acquire a 26% equity stake in Aditya Birla Renewables SPV 3 Limited (ABRen SPV 3). The special-purpose vehicle (SPV) has been established to own and operate a captive power plant, aimed at supplying clean energy to Vodafone Idea’s telecom operations.

Transaction Highlights

• Equity Stake: 26% in ABRen SPV 3
• Investment Value: ₹1.56 crore, to be infused in tranches over six months
• SPV Incorporation: November 21, 2024
• Authorised Share Capital: ₹6.50 crore
• Paid-up Capital: ₹1 lakh (10,000 equity shares of ₹10 each)
• Turnover: Nil as of date

The agreements were executed with Aditya Birla Renewables Limited, a related party under the Companies Act, 2013. The transaction has received approvals from both the Audit Committee and the Board of Directors of Vodafone Idea.

Vodafone Idea’s investment aligns with regulatory provisions under the Electricity Act, 2003, and the Indian Electricity Rules, 2005, which mandate equity participation for captive power consumption. The move is expected to provide cost-effective and sustainable energy, reducing operational costs and carbon footprint across its telecom infrastructure.

A spokesperson from Vodafone Idea commented, “This partnership reinforces our commitment to sustainability and energy efficiency. By investing in captive renewable energy, we aim to optimize costs and contribute to India’s clean energy transition.”

The telecom sector is increasingly turning to renewable energy to meet rising power demands while adhering to ESG goals. Vodafone Idea’s latest investment reflects a broader industry trend toward green infrastructure and energy independence.

Tata Power Gets LoI to Acquire Paradeep Transmission Ltd in Odisha

Tata Power Co. Ltd has received a Letter of Intent (LoI) from PFC Consulting to acquire Paradeep Transmission Ltd in Odisha. The project involves constructing a 190 km, 765 kV double circuit transmission line from the existing Angul substation to the proposed substation at Paradeep. It will operate on a build, own, operate, and transfer basis, providing transmission services for 35 years.

The project is set to commence commercial operations within 24 months of acquisition. The financial details have not been disclosed.

Paradeep Transmission Ltd is a project-specific special purpose vehicle (SPV) that Tata Power intends to acquire in Odisha. The SPV will focus on developing an interstate transmission system (ISTS) scheme in Odisha. It is a wholly-owned subsidiary of PFC Consulting, which itself is a subsidiary of Power Finance Corporation.

The acquisition of Paradeep Transmission Ltd by Tata Power holds several key implications. The project involves constructing a 765 kV double circuit transmission line spanning 190 km. This expansion enhances the power transmission network in Odisha, improving reliability and efficiency.

By acquiring a special-purpose vehicle (SPV) focused on transmission infrastructure, Tata Power strengthens its position in the energy sector. It gains access to critical assets and operational expertise.

The Inter State Transmission System (ISTS) in India has been planned to facilitate smooth transfer of power across state and regional boundaries throughout the country. It establishes a robust National Grid, leading to “One Nation - One Grid - One Frequency.” This system enables power transfer from resource-rich areas to major load centers with reliability and security.

Now, specifically regarding the Eastern Region Expansion Scheme – XXXIV (ERES-XXXIV) in Odisha, it aims to transmit renewable energy (RE) from outside Odisha to Paradeep, an important industrial center in the state. This RE power will support the production of green hydrogen and green ammonia within Odisha.

The transmission scheme, ERES-XXXIV, will also cater to the anticipated large demand from industrial consumers in the Paradeep region. Initially, an estimated 1,400 – 1,500 MW of electricity demand is likely from industrial consumers, with subsequent growth to 5,500 – 6,000 MW.

A new 765/400 kV GIS substation will be established at Paradeep, with an initial transformation capacity of 2×1,500 MVA.
This substation will connect to PGCIL’s Angul substation via a 765 kV line spanning 190 km. This substation will connect to PGCIL’s Angul substation via a 765 kV line spanning 190 km