Adani arm to start work on 1320Mw project soon
Business Standard, Monday Jan 14, 2008
Vinay Umarji / Mumbai/ Ahmedabad January 14, 2008
Adani Power Maharashtra Private Limited (APMPL), a wholly-owned subsidiary of Ahmedabad-based Adani group’s Adani Power Limited (APL), will soon start work on its 1,320Mw (660 X 2) thermal power plant near Tirora in Maharashtra.
The company has lined up investments to the tune of Rs 5,280 crore for the plant, which forms the first phase of its power project in the region.
“Fuel has been tied-up for the plant and the construction work will begin soon,” said a company official.
The coal-fired Tirora plant will mark APMPL’s foray into power generation, followed by a second phase plant of 660Mw in either Maharashtra or some other region later.
Expected to be commissioned within 40 months from the day the construction starts, the power generated from the plant will be bought by beneficiary government bodies like electricity boards, said the official. The company is believed to be in advance stages of procuring power generation equipment from a Chinese firm.
For the fuel, Adani Power Maharashtra will be procuring coal from the Loharu west mines. It is likely that the power generated from the plant might also be traded through AEL’s power trading division.
APL, on the other hand, is in the process of setting up a 2640Mw coal-based thermal power plant at Mundra. The project is expected to create a synergy between APL’s existing business and its growth plans.