Apraava Energy has acquired Raigad Power Transmission Ltd, a special purpose vehicle (SPV) set up to develop an intrastate transmission project across Pune and Raigad districts in Maharashtra.

The project involves the setting up of 400 circuit kilometres of transmission lines and a pooling station.

The company said the project will enable reliable power supply to potential pumped storage plants (PSPs) and facilitate the evacuation of 3 gigawatts (GW) of power in Raigad district.