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News Business Industries Adani Power to supply 1,200MW in Rajasthan |
Adani Power to supply 1,200MW in Rajasthan
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| 2009-12-22 14:38:52 | |||
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Gujarat Global News Network, Ahmedabad Adani Power Rajasthan Ltd has been awarded a Letter of Intent (LOI) by Rajasthan Rajya Vidhyut Utpadan Nigam Ltd.(RRVPNL) for purchase of up to 1,200 MW of power on long-term basis. The company is a 100% subsidiary of Adani Power Limited (APL)
With this, the total long-term power selling arrangement firmed up by APL comes to 5,900 MWs. APL already has PPA of 2,000 MWs with Gujarat Urja Vikas Nigam Limited (GUVNL), 1,424 MW with Haryana Utilities and 1,320 MW with Maharashtra Utilities through its subsidiary viz. Adani Power Maharashtra Limited (APML).
The company has 1,320 MW power plant at Kawai in Rajasthan. The project execution has already commenced and 75% of debt is already tied-up.
Gautam Adani, Chairman of the group said, the company plans to have 20,000 MW generation capacity by 2020 with diversified fuel sources. For news in Hindi see our Hindi daily Chaupal Chronicle
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Gujaratglobal.com website is managed by a team of professional Journalists. It is headed by Mr. Yogesh Sharma, Having 25 years of experience in journalism in Gujarat. He also runs a Hindi daily Chaupal Chronicle. Gujarat Global is the site dedicated to Gujarat and interests of people of Gujarat.It gives news about Gujarat, political news, developments in business and industry, success stories, education, tourism, fairs and festivals of Gujarat and important and interesting photograph of Gujarat. Copyright © 2005 - 2010 Gujarat Global
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