Adani Power
Adani Power Limited is an Indian power industry unit of the Adani Group, headquartered in Khodiyar, Ahmedabad. It is a 12,450 MW private thermal power producer. It also runs a 40 MW mega solar facility at Naliya, Bitta, Kutch. It is India's first supercritical technology firm.
Want to install solar plant on your roof ? Get a professional assessment done and the best price quote for your needs Contact us now !
Call us on 7082955224
Mail id: sales@bigwitenergy.com
Adani Power Limited
Adani Power announced a long-term agreement with Bangladesh Power Development Board to deliver power from its future 1,600 MW Godda facility in Jharkhand.
Adani Power (Jharkhand) Limited has inked a 25-year long-term power purchase agreement (PPA) with Bangladesh Power Development Board.
Govts. of Gujarat, Maharashtra, Haryana and Punjab have inked long-term power purchase agreements totaling 9,153 MW. It has asked the Central Electricity Regulatory Commission (CERC) for more time to acquire state distribution utilities' agreement for a tariff revision for its imported coal-based unit. Because CGPL contacted the quasi-judicial body alone, proposing that distribution firms (discoms) implement updated power purchase agreements (PPAs) to assist future fuel price increases, the electricity regulator denied CGPL's appeal.
Procurers have yet to respond to CGPL's request to update PPAs, according to its appeal. Tata Power's Rs 14,986 crore Mundra facility has PPAs with Gujarat, Maharashtra, Haryana, Rajasthan, and Punjab.
Adani Power began as a power trading firm in 1996.
A certificate of beginning of business was issued to Adani Power Limited on September 4, 1996. On June 3, 2002, the Company became Adani Power Private Limited, a private limited company. On June 3, 2002, the RoC reissued a new certificate.
On April 12, 2007, the company was renamed Adani Power Limited and became a public limited corporation. The word private was also omitted once the corporation ceased to be a private limited company on March 28, 2007. The Company received a new certificate of incorporation from the RoC on April 12, 2007.
Mr. Gautam S. Adani and Mr. Rajesh S. Adani, along with their families, founded the company. Mundra Port and Special Economic Zone Limited acquired all of the Company's shares in 2004 as part of a reorganisation among the Promoters ("MPSEZL"). On May 29, 2006, MPSEZL sold all of its shares in the company to Adani Enterprises Limited.
2009 – It began generating in July 2009 with the first 330 MW of 4,620 MW at Mundra. This is India's largest single coal-fired power plant.
2010 – The business completed three 330 MW units in November 2010 and the country's first supercritical 660 MW unit on December 22, 2010.
2011 – It synchronised its second 660 MW unit on June 6th, bringing overall generating capacity to 2,640 MW, and its third super critical unit on October 2nd.
2012 – It completed the Mundra Project in February 2012, bringing its total capacity to 4,620 MW, making it the world's largest privately owned thermal power plant and fifth largest globally. After completion, it was the world's third-largest thermal power plant.
2013. A 40 MW solar power plant in Kutch, Gujarat. This is the country's largest solar power facility and the group's first foray into renewable energy.
2014 – On April 3, 2014, the firm announced the commissioning of the fourth 660 MW unit at its Tiroda power plant in Maharashtra, making it the largest private electricity generator in India. The fifth unit came online in 2014.
On May 11, 2015, the business announced the acquisition of Udupi Power Corporation Limited. Adani Power now has a total capacity of 10,440 MW, making it India's largest private power generator. After a protracted battle to become India's largest thermal power producer, Tata Power and Adani Power are now battling it out to become the country's greatest green energy generator.
Tata Power's solar portfolio currently stands at 957 MW, following the Tuesday commissioning of a 30 MW facility in Palaswade, Maharashtra. A 50 MW solar PV project in Mahoba, Uttar Pradesh, brought Adani Power's total solar capacity to 838 MW.
Tata Power Renewable Energy (TPREL) currently has 1487 MW of green energy operating capacity, 530 MW wind and 957 MW solar, following last year's acquisition of Welspun's 1140 MW for Rs 10,000 crore. TPREL is also deploying about 373 MW of renewable assets and plans to acquire Tata Power's 380 MW clean energy assets. TPREL's portfolio now exceeds 2200 MW, making it India's leading renewable energy company.
2017 – One of its units ran for 600 days in 2017.
2019 – Adani Power reported a net profit of Rs 634.64 crores for the fourth quarter ending March 31. The company posted a consolidated net loss of Rs 653.25 crore the previous year.
Operations
Adani built MTP Mundra: 4,620 MW coal-fired thermal power plant in Kutch district, Gujarat. It runs the first 400 kV double circuit transmission line from Mundra to Dehgam (430 km).
Cultivated coal-fired power plant in Kawai village, Baran district, Rajasthan. This plant works perfectly.
Three-thousand-megawatt coal-fired power station in Tirora, Gondia district, Maharashtra. It is Maharashtra's largest coal-fired plant.
In Bitta, Kutch, Gujarat, the firm produces 40 MW. This plant was completed in 165 days in 2011.
1200 MW (2600 MW) coal-fired thermal power station in Padubidri, Udupi district, Karnataka. Bo departed Lanco Infratech in August 2014.
On August 2, 2019, the corporation acquired GMR Chhattisgarh Energy Ltd. (GCEL), which owns and runs a power plant in Raikheda village, Raipur. The deal was agreed at a price of Rs 3,530 crore. APL's overall capacity now stands at 12,450 MW. APL is now the largest private sector producer of thermal power.
Avantha Korba West Power Station: NCLT approved the takeover on 07-Sep-2019.
Adani Green House's stock rose 29% when the business announced a 75MW wind power project.
Adani Power Limited has agreed to buy 49% of Odisha Power Generation Corporation (OPGC).
In January 2011, the business had planned and implemented 16,500 MW. They are: Bhadreswar (3,300 MW coal), Dahej (2,640 MW coal), Chhindwara (1,320 MW coal), Anugul (2,500 MW coal), Sambalpur (2,000 MW coal), and Mundra (2,000 MW gas). It's bidding on a 1,000 MW lignite coal project in Kosovo.
As of November 2017, Adani Power (Jharkhand) has agreed to supply electricity to Bangladesh Power Development Board from its planned 1,600 MW Godda facility.
In 2019, the Adani Group is in talks with REC and PFC to build a 1600 MW Godda Power Project in Jharkhand.
Awards
The company has received numerous honours. At the 18th Regulators & Policymakers Retreat in 2017, it was named the Most Innovative Young Power Professional by IPPAI. In 2017, CSR Works International honoured the firm for best sustainability reporting in Asia, in Singapore. Srishti Publications recognised it for Best Environmental Management Practices in 2018.