The Hindu Business Line : Adanis will supply Mundra power to Gujarat, Haryana

Ahmedabad, July 24 Adani Power Ltd, which plans to invest Rs 43,139 crore to build 9,900 MW of electricity generation capacity, has tied up for evacuation of 3,311 MW, out of the 4,620 MW from its Mundra facility, while surplus power would be sold to merchants and the Special Economic Zone.

The company has also submitted a bid to supply 1,420 MW from the proposed Tiroda power project to Maharashtra State Electricity Distribution Company Ltd (MSEDCL), sources told Business Line here today.

“We intend to sell power under a combination of long-term power purchase agreements (PPAs) to industrial and state-owned consumers as well as on merchant basis.”

The Adanis have placed orders for supply of equipment with China and other countries in respect of its projects at Mundra and Tiroda, whose more than 70 per cent generation capacity has so far been tied up for evacuation of electricity produced there. The first phases of these projects are expected to go critical in a year.

Recently, Adani Power received a letter of intent for supply of 1,311 MW of power, to be generated at Mundra, from the Haryana Power Generation Corporation Ltd at a rate of Rs 2.94/ unit.

The company had already signed two PPAs with Gujarat Urja Vikas Nigam Ltd (GUVNL) for the supply of 1,000 MW of power produced from the Mundra-I and II projects, and for the supply of another 1,000 MW from Mundra-III.

Adani Power Ltd has six coal-fired thermal power projects under various stages of development or planning with a combined power generation capacity of nearly 9,900 MW. For uninterrupted supply of coal, the group has acquired coal mines in Indonesia for power plants at coastal locations such as Mundra (Kutch) and Lohana (Maharashtra) for inland locations such as Tiroda.

In addition, it has also put in orders for two Capsize ships for ferrying coal. The company is the largest importer for merchant coal in the country and plans to build the world’s largest coal import terminal to handle more than 30 million tonnes of coal at Mundra.

At Mundra-I and II, it has 1,320 MW of generation capacity through sub-critical technology while at Mundra-III, it has 1,320 MW of super-critical and at Mundra-IV, 1,980 MW of super-critical facility.

Of the total 4,620 MW generated at Mundra at an investment of Rs 19,106 crore, 2,000 MW will be available to Gujarat and 1,311 MW to Haryana. In the case of Tiroda-I and II, where Adani Power would invest Rs 9,263 crore to generate a total of 1,980 MW through coal-fired, super-critical technology, the company would be supplying 1,420 MW to Maharashtra, the surplus being sold to others.

In addition to its ongoing projects in Gujarat and Maharashtra, the company is going ahead with investment of Rs 8,881 crore for its 1,980 MW plant at Dahej in Gujarat and Rs 5,889 crore for the 1,320 MW plant at Kawai in Rajasthan, the sources added.