• Investment World
• eWorld
• Brand Line
• Mentor
• Life
• Brand Quest
• The New Manager
• Smartbuy

Stocks

• Quotes
• SE Diary
• Scoreboard
• Open-End Mutual Fund

Cross Currency

• Rates
  
  

Shipping

• Ports
  
  

Archives

• Yesterday
• Datewise
• Resources
• In Focus
• In Depth
• Events 2007

Group Sites

• The Hindu
• The Hindu ePaper
• Business Line
• Business Line ePaper
• Sportstar
• Frontline
• The Hindu eBooks
• The Hindu Images

Adani Power Ltd (APL) on Thursday signed a power purchase agreement with the Haryana Government for supplying of 1,424 MW of power for 25 years, from its plant to be generated at Mundra in Gujarat, for 25 years. The bid was awarded to APL based on a competitive tariff bidding process which had taken place a few months ago. The levelised tariff under the agreement is Rs 2.94 an/ unit. The power will be supplied to the Haryana Power Generation Corporation Ltd (HPGCL) from Adani Power's Mundra power generation facility, the company said in a release here.

An important feature of this The project includes a is more than 1,000 km-long dedicated HVDC transmission system which APL plans is planning to construct for supplying power from Mundra to Haryana. This system will virtually bring the generating power plant located at Mundra to Haryana. This initiative sets APL apart from other power developers who are generally concentrating only on setting-up of power plants. This is the first venture of its kind for transmission system with such a magnitude by a private sector operator, the company said.

The contract was signed on Thursdaytoday in the presence of the Haryana Chief Minister, Mr Bhupender Singh Hooda, the Minister of Power, Mr Randeep Singh Surjewala, and senior officials.

Speaking on the occasion, Mr Gautam Adani, Chairman of the Adani Group, said the company will make efforts to complete the project on schedule and ensure that power is made available to Haryana well in time. Adani Power had already signed PPAs with Gujarat Urja Vikas Nigam Ltd (GUVNL) for supplying of 2,000 MW of power produced from the Mundra power project.

It has also received LI for supplying 1,320 MW from its Tiroda plant in Maharashtra, which is under construction, to Mahavitran in Maharashtra. Adani Power has so far tied up 4,744 MW of power supply.

The company has six coal-fired thermal power projects under various stages of development or planning, with a combined power generation capacity of 9,900 MW at a cost of over Rs 43,000 crore.

It intends to sell power under a combination of long-term PPAs to industrial and sState-owned consumers as well as on merchant basis.

More Stories on : New Projects | Power

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Copyright © 2008, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line