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Hitachi Energy India Limited has announced the successful commissioning of one of the world's largest high-voltage direct current (HVDC) city center infeed in Mumbai.
Hitachi Energy and Adani commissioned a 1,000 MW HVDC link, boosting Mumbai's external power supply by 50%.
KEY POINTS
- The Kudus-Aarey HVDC project freed 2 square kilometers of urban land using compact converter station design.
- The HVDC link enables Mumbai to integrate more renewable energy from Maharashtra and India's national grid.
- JPMorgan initiated coverage on Hitachi Energy India with an Overweight rating and a ₹29,000 target price.
- Hitachi Energy's HVDC market opportunity in India is estimated at $14-15 billion in potential orders.
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