Under the deal, Adani Green (AGEL) will supply 5 GW (5,000 MW) of solar power from Khavda, while Adani Power will supply 1,496 MW (net) of thermal power from the new 1,600 MW Ultra Supercritical capacity.
Adani Power and Adani Green will sign separate contracts with MSEDCL for their respective supply components, as permitted under the tender conditions.
“Adani Green Energy Limited (AGEL), India’s largest renewable energy company, will sign a long-term Power Purchase Agreement (PPA) with Maharashtra State Electricity Distribution Company Limited (MSEDCL) under the Letter of Intent (LOI) for the supply of 5 GW (5,000 MW) solar power from the world’s largest renewable energy park being developed at Khavda in Kutch District of Gujarat to Maharashtra state,” the company said in a filing to the exchanges.
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Meanwhile, Adani Power (APL), India’s largest private thermal power producer, will sign a long-term Power Supply Agreement with MSEDCL for the supply of 1,496 MW of thermal power to Maharashtra state from a new 1,600 MW Ultra-supercritical thermal power project.
The 6,600 MW capacity has been secured by the companies through a competitive bidding process initiated by MSEDCL for the procurement of 1,600 MW of thermal and 5,000 MW of solar power.
Additionally, shares of Adani Enterprises, the parent company of APL and AGEL, jumped 2% to a day’s high of Rs 3,023.25 on BSE following the update.
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