Adani emerges biggest private power producer as Mundra unit kicks off
07 June 2011
Adani Power Ltd, part of the Adani Enterprises group, has emerged as India's largest private thermal power producer with the commissioning of its second super-critical power unit of 660 MW at Mundra in Kutch district of Gujarat. This has taken the company's total generation capacity to 2,640 MW, the company said on Monday.
Adani Power is in the process of setting up a 4,620 MW coal-based plant at Mundra comprising five supercritical units of 660 MW each and four units of 330 MW each.
Super-critical technology is an environment friendly and energy efficient method of producing power from coal. India plans to gradually shift its focus to the cleaner technology for coal-fired power projects.
Adani Power plans to implement projects worth about Rs16,000 crore in Gujarat and Tiroda in Maharashtra in the current financial year, its chief executive officer Ravi Sharma said. He said the company would have a generation capacity of 6,000 MW by 2011-12.
"The company is confident of meeting its planned target of generating 20,000 MW by 2020. The financial closure of the entire 4,620 MW project at Mundra has already been achieved. We are hopeful of synchronising the remaining three supercritical units by the end of this financial year,'' he said.
Out of the Mundra plant's present 2,640 MW capacity, Adani Power would sell 2,000 MW to Gujarat Urja Vikas Nigam Ltd under long-term power purchasing agreements and the rest to merchant users. Sharma said the average realisation in case of merchant power had remained around Rs6 per unit.