Over the next five to seven years, this may leapfrog to over Rs 5 trillion worth of projects as more renewable power generation capacities come online, requiring evacuation, he said.
“Smart metering is looking to be a Rs 30,000 crore capex business over the next couple of years. District cooling is a nascent business and since we are early movers, this too is expected to become sizeable going forward,” Sardana said.
The company is set to capitalise on the expanded opportunity by enhancing its capabilities across the value chain from project management to finance to skill availability, he said.
District cooling, he said, is the company’s newest line of business. In this business, the company plans to offer “cooling as a service” to developers of mixed-use (residential + commercial) real estate projects.
“Here, we will undertake the full capex of the cooling system. For the developer this will lower their project cost and for the end user, their cooling cost will come down by 20-25%”, he said.
Adani Energy Solutions is pursuing offering reliable power supply and green power solutions (51% share) to large guzzlers of power like data centres, new age and tech centred industries etc. This alongwith smart metering and second distribution licence would help expand its customer reach.
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