Adani Power to augment capacity to 16,000 MW by 2014

Adani Power today said it will have a power generation capacity of over 16,000 megawatts by the end of 2014, with the company planning to commission six projects during the period.

"We will have a generation capacity of over 10,000 MW by the end of March, 2013, while by December, 2014, three more projects will be commissioned. This would take our total generation capacity to over 16,000 MW," Adani Power Chief Executive Officer Ravi Sharma told reporters on the sidelines of a conference here.

He added that Adani Power (APL) has tied up funds for most of the projects, but declined to comment further.

The company is estimated to invest over Rs 80,000 crore for development of these projects.

APL has so far commissioned two units of the Mundra Power project, having a power generation capacity of 660 MW each. In terms of capacity, the Mundra project, is the largest power plant in the country, and will have a total generation capacity of 4,620 MW once it is completed.

Sharma said the rest of the units of the Mundra plant and projects at Tiroda, in Maharashtra, and Kawai, in Rajasthan, will be commissioned by March, 2013.

In addition, the company is implementing projects at Bhadreshwar and Dahej, in Gujarat.

It is also constructing a 1,320-MW plant at Chhindwara, in Madhya Pradesh, he said, adding that the project will be commissioned by December, 2014.

The Adani Group, which has presence in the front- and back-end electricity business, is also the largest importer of coal for supply to power generation units. Earlier this month, it had acquired the coal mines of Australia's Linc Energy in a cash and royalty deal worth 2.9 billion Australian Dollars (over Rs 12,000 crore).