Adani's first power plant to be operational in 2009

Adani Group today said its first power plant of 330 MW capacity is set to be commissioned in the first quarter of 2009 at Mundra.

"The first turbine of 330 MW will be commissioned in the first quarter of 2009 in Mundra power plant," Adani Group Chairman Gautam Adani said adding, "the entire 4,620 MW power plant will be complete in the end of 2010."

Adani Power, subsidiary of Adani Group, has already inked two power-purchase agreements (PPA) of 1,000 MW each with the state-owned power utility Gujarat Urja Vikas Nigam (GUVNL), while another PPA of 1,450 MW has been signed with the Haryana state power utility.

"Of 4,620 MW to be generated from the Mundra plant, we have already tied up for supply of 3,450 MW power to the state utilities of Gujarat and Haryana through long-term PPA of 25 years," Adani told PTI.

He emphasised that despite turmoil in the financial market and liquidity crunch, there would not be delay in commissioning the power plant.

"We will be on scheduled and there will not be any delay as the company has already arranged necessary resources," Adani said.

He also said the first turbine of Tiroda power plant in Maharashtra will be commissioned in the first quarter of 2011.

"The 1,980 MW Tiroda power plant is also on scheduled and a PPA has also been inked with the Maharashtra govwernment for 1,320 MW," he added.