Transmission company Adani Transmission Ltd, which aims to increase capacity, is willing to invest more than Rs 5,000 crore annually for the next two financial years.

“Even in the next few years, the number is expected to remain above Rs 5,000 crore,” MD and CEO Anil Sardana told CNBC-TV18 on the sidelines of the Motilal Oswal conference.

Adani Transmission is the largest private transmission and distribution company in the country. Founded in 2006, the company currently has 18,795 kilometres of transmission lines and 40,001 MVA of power conversion capacity across 13 Indian states.

In 2017, Adani Group bought Reliance Infra’s power business for Rs 18,800 crore. Last week, Reliance Infra filed an arbitration claim of Rs 13,400 crore against Adani Transmission for “breach of deal terms”. For their part, Adani Transmission rejected Reliance Infra’s claim because the latter had initiated arbitration for a specific dispute under the Rs 500 crore share purchase agreement. It added that Reliance Infra has yet to settle a huge claim by Adani Electricity under the share purchase agreement.

Sardana hopes for an early resolution of the matter, adding that there will be no changes to customers or Mumbai’s distribution regime.

Adani Transmission recorded a collection efficiency of 98.61% for the April-June period of FY23. Sardana told CNBC TV-18 that the company has no issues with accounts receivable unless a handful of states cause payment delays. However, it does charge late fees to mitigate any payment delays.

Solar companies have invited proposals to provide 2.25 GW of all-weather electricity through renewable energy projects linked to the Interstate Transmission System (ISTS). This will be done through a tariff-based competitive bidding process (TBCB). As demand for renewable energy projects increases, Sardana believes there will be more such opportunities in the future.

Shares of Adani Transmission are the second-best performer of the Adani Group companies this year, up 133%.