Adani Electricity

State-run Mahavitaran seeks licence to supply electricity across Mumbai

In a move aimed at expanding its footprint into Mumbai, state-run power utility MSEDCL has filed an application before the Maharashtra Electricity Regulatory Commission (MERC), seeking a parallel licence to distribute electricity across the financial capital. In a release, Maharashtra State Electricity Distribution Company Ltd (MSEDCL or Mahavitaran) said the petition has been submitted under sections 14 and 15 of the Electricity Act, 2003, along with provisions of the MERC Rules, 2006, and the Electricity Distribution Licence Rules, 2005. The company has urged the commission to grant it permission to supply electricity to key regions in Mumbai -- ranging from Colaba to Mahim, Bandra to Dahisar, Vikhroli to Chunabhatti and Mankhurd, as well as Chena, Kajupada, and Mira Bhayandar Municipal Corporation limits. Currently, power in Mumbai is distributed by three players -- civic utility Brihanmumbai Electricity Supply and Transport Undertaking (BEST), private companies Adani Electricity

JSW Energy share price up 2% in trade on Friday, June 6; here's why

Shares of JSW Energy gained on Thursday after the company announced the commissioning of 281 MW of renewable energy capacity and inking a Power Purchase Agreement (PPA) with Adani Electricity

JSW Energy commissions 281 MW renewable energy project in Maharashtra

JSW Energy on Thursday announced the commissioning of 281 MW renewable energy project in Maharashtra with solar capacity of 215 MW and wind capacity of 66 MW. This capacity addition will enable the company to benefit from the peak wind season during the year and will contribute to the overall renewable output, a company statement said. With this, the installed wind capacity stands at 3,482 MW, solar capacity at 1,968 MW and hydro capacity at 1,391 MW, taking the share of renewables in the overall capacity to 55 per cent. Further, JSW Renew Energy Three, a stepdown subsidiary of the company, has signed a power purchase agreement (PPA) with Adani Electricity Mumbai Ltd for STU-connected wind capacity of 250 MW. The PPA is signed for supply of power for a period of 25 years with a tariff of Rs 3.65/KWh. The project is located in Maharashtra and is expected to be commissioned in the next 24 months. JSW Energy has total locked-in generation capacity of 29.9 GW comprising 12.5 GW ...

Adani Energy Solutions wins $325 million transmission project in Gujarat

The project will create a power transmission system for a green hydrogen/ammonia manufacturing unit in Mundra, Gujarat and will be completed in three years

Adani Electricity Mumbai, Noida Power, Gujarat discoms top govt ratings

Overall AT&C losses increase marginally, absolute cash gap decreased by 43% from FY23 to FY24: PFC report

Bombay HC allows Adani group to cut 209 mangroves for power line project

The Bombay High Court has permitted the Adani group to cut 209 mangroves for the construction of a high voltage transmission line proposed to increase electricity supply in the city and suburbs, noting it was a project of public importance. The electricity transmission line construction project is critical for Mumbai as the existing capacity of the transmission corridor is not sufficient to carry any further power into the city, a division bench of Chief Justice Alok Aradhe and Justice Bharati Dangre said in its order on February 6. The HC allowed a petition filed by the Adani Electricity Mumbai Infra Limited, seeking permission to cut 209 mangroves near Vasai creek for setting up a High Voltage Direct Current (HVDC) link between two of its transmission substations. The project involves an 80 kilometre stretch, of which 30 km would be overhead transmission lines and the remaining 50 km would be underground cable in the mangrove area. The HVDC lines would pass through Mumbai, Thane a

Sri Lanka revokes Adani wind power deal; Group denies cancellation claims

Sri Lankan President Anura Kumara Dissanayake began investigations into Adani's local projects after founder Gautam Adani faced bribery allegations from the United States last year

Stalin govt scraps smart meter tender amid allegations of favour to Adani

The decision of scrapping the tender has been taken by the Tamil Nadu Generation and Distribution Corporation

MSCI skips Adani Energy's inclusion in Nov rebalancing; share price down 9%

MSCI index rebalancing: Adani Energy Solutions has been issued a show cause notice by the Securities Exchange Board of India (Sebi) for potential wrongful categorisation of shareholding

Adani Electricity, Tata eye bigger pie in Mumbai power distribution

Battle for high-value customers heats up amid increased EV penetration

S&P upgrades Adani Ports, Adani Electricity rating on cash flow optimism

For Adani Electricity, the agency expects its ability to generate operating cash flow compared to its debt to improve to above 10% in fiscal 2024 and 2025

Adani Electricity to provide 60% of renewable electricity to Mumbai by 2027

Adani Electricity supplied 100% renewable energy to its 3 million subscribers in Mumbai for 4 hours on Diwali

Adani Electricity to buyback $120 mn senior secured notes due in 2030

Adani Energy Solutions' arm Adnai Electricity Mumbai has announced a tender offer to buybuy part of its outstanding senior secured notes worth USD 120 million, which are due in 2030. "The distribution arm of Adani Energy Solutions Ltd, Adani Electricity Mumbai Limited, today announced a tender offer to buyback up to USD 120 million of its outstanding 3.949% USD 1,000 million senior secured notes due 2030," a company statement said on Monday. The tender offer is being fully funded through its cash surplus and internal accruals and will help reduce the leverage of the company in line with the Adani portfolio companies to consistently improve financial matrices, it said. The company will from time to time carry out similar market actions all the way to the maturity of the bonds subject to market conditions, using the available liquidity of the company. Such market action will enhance investor confidence and support in improving current dislocation of the yield curve due to external .

Adani used renewable source to supply 4 hrs of power to Mumbai on Diwali

Power utility company Adani Electricity on Monday said it relied completely on renewable sources for supply of power to Mumbai for four hours on Diwali day. Adani Electricity supplied 1,200 MW of power from renewable sources to its 3 million subscribers between 10 AM and 2 PM, which meant that over 40 per cent of the financial capital's power needs were derived from renewable energy. The peak demand of the financial capital on Sunday morning was over 2,500 MW, which went up to 2,776 MW in the evening. Mumbai is currently struggling to check pollution level and improve air quality. A bulk of the power supplied to the financial capital comes from adjoining areas, while the state authorities have recently asked a rival power generation company to halve the emission of particulate matter from its plant to help reduce pollution. In a statement, Adani Electricity said it had planned the exercise in advance by sourcing power from solar and wind generation. "Achieving 100 per cent renewa

Power utilities to offer subsidised tariff for Durga, Navratri Pandals

Adani Electricity, BEST undertaking and Tata Power to provide uninterrupted power supply to Navratri/Durga Puja pandals at subsidised residential rates within 48 hours after receiving the applications

Adani energy arm pursuing over $1 billion capital expenditure programme

By the financial year 2024-25 (FY25), Adani Electricity Mumbai (AEML)'s capacity is set to go up to 5000 MW

Adani to invest Rs 2,000 cr to build 2 transmission lines in Mumbai city

Adani Electricity Mumbai is investing over Rs 2,000 crore to build two new transmissions lines in the city to strengthen its network as it moves closer to go more green by sourcing as much as 60 per cent of the energy needed for the city from renewables by 2027, a senior company official said. The two new transmission lines comprise the 84 ckm Kharghar (in Navi Mumbai) Vikhroli line in the northeastern suburb of the megalopolis and the Thane-Aarey Colony line. The Vikhroli line will be ready by 2025. "We hope to begin the work on the project from this October. The Thane line will begin after the first line and will be commissioned in 2027," a senior company official, who did not want to be quoted, told PTI. The company reached financial closure last week by securing Rs 1,700 crore debt from international lenders for the projects being executed by its parent Adani Transmission. "We will be investing more than Rs 2,000 crore for this, of which Rs 1,700 crore will be debt-funded," the

Adani Electricity's technical, commercial losses shrink to 5.93% in FY23

There were over 18,542 raids in FY23 as against 10,458 in FY22, while the irregularity assessed went up to Rs 38.48 crore in FY23 from Rs 21.75 crore in the year-ago period

Adani Green Energy to seek board approval to raise up to $1 billion

On May 13, two Adani Group companies, Adani Enterprises and Adani Transmission, received the approval of the board to raise Rs 12,500 crore and Rs 8,500 crore, respectively

Adani's utility to supply 60% green power to Mumbai by 2027

Renewables accounted for 30% of power procurement for Adani Electricity as of March 31 - a ten-fold jump over the last two years, the company said in a presentation to stock exchanges Wednesday