Source : http://www.blonnet.com
After more than doubling its planned power production capacities since its IPO last year, Adani Power Ltd (APL), a subsidiary of the $5-billion Adani Group, is planning to set up a 1,320 MW coal-based thermal power plant in Madhya Pradesh.
At the time of its IPO, APL had planned to produce only 6,600 MW that included 4,620 MW at Mundra, Gujarat, and 1,980 MW at Tiroda, Maharashtra. Later, it included 1,320 MW at Kawai, Rajasthan, and 2,640 MW at Dahej, and an additional 1,320 MW at Tiroda, to ramp up total capacities to 11,880 MW, involving investments of nearly Rs 59,400 crore.
Its latest foray in Madhya Pradesh, with 2x660 MW, will increase the capacities further to 13,120 MW, involving investments to the tune of nearly Rs 65,600 crore (at the rate of nearly Rs 5 crore per MW), according to a senior company official.
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