Adani Group's Oz arm signs power purchase pact

Billionaire Gautam Adani, whose group is vying to build Australia's largest coal mine, on Saturday, said his company had signed its first power purchase agreement for a solar farm near a central Queensland mining town.

Adani Group plans to build a 100-200 Mw solar plant on a 600 hectare land parcel that was formerly part of the Rugby Run grazing property near Moranbah.

"A great moment & major milestone, @AdaniAustralia signs first Power Purchase Agreement #PPA for the first phase of Solar farm at #RugbyRun," he tweeted.