Rajasthan govt to buy 1200 MW from Adani Power

Adani Power Rajasthan, a 100 per cent subsidiary of Adani Power (APL), has been awarded letter of intent (LoI) by Rajasthan Rajya Vidhyut Utpadan Nigam (RRVPNL) for purchase of upto 1,200 MW of power on long-term basis.

With this, the total long-term power selling arrangement firmed up by APL comes to 5900 MWs. As may be recalled, APL already has PPA of 2000 MWs with Gujarat Urja Vikas Nigam (GUVNL), 1424 MW with Haryana Utilities and 1320 MW with Maharashtra Utilities through its subsidiary viz. Adani Power Maharashtra (APML).

In a matter of distinction of APL to have won all these bids under Case - I competitive bidding. Case - I bids are the ones where the developer takes the full responsibility for project development and commits to supply power through competitive bidding process from the pre-decided date. APL is the only power company in the country with PPAs of nearly 6000 MWs under Case - I bidding.

Having won the bid, APL has accomplished one more milestone for its 1320 MW power plant at Kawai in Rajasthan. The project execution has already commenced and 75 per cent of debt is already tied-up.