Adani Power is an Indian
power
Power most often refers to:
* Power (physics), meaning "rate of doing work"
** Engine power, the power put out by an engine
** Electric power
* Power (social and political), the ability to influence people or events
** Abusive power
Power may a ...
and
energy
In physics, energy (from Ancient Greek: ἐνέργεια, ''enérgeia'', “activity”) is the quantitative property that is transferred to a body or to a physical system, recognizable in the performance of work and in the form of heat a ...
company
A company, abbreviated as co., is a Legal personality, legal entity representing an association of people, whether Natural person, natural, Legal person, legal or a mixture of both, with a specific objective. Company members share a common p ...
. A subsidiary of Indian conglomerate
Adani Group
Adani Group is an Indian multinational conglomerate, headquartered in Ahmedabad. It was founded by Gautam Adani in 1988 as a commodity trading business, with the flagship company Adani Enterprises. The Group's diverse businesses include po ...
with head office at Khodiyar in
Ahmedabad
Ahmedabad ( ; Gujarati: Amdavad ) is the most populous city in the Indian state of Gujarat. It is the administrative headquarters of the Ahmedabad district and the seat of the Gujarat High Court. Ahmedabad's population of 5,570,585 (per t ...
, it is a private thermal power producer, with a capacity of 12,450 MW that operates a mega
solar plant
Solar may refer to:
Astronomy
* Of or relating to the Sun
** Solar telescope, a special purpose telescope used to observe the Sun
** A device that utilizes solar energy (e.g. " solar panels")
** Solar calendar, a calendar whose dates indica ...
of 40 MW at Naliya, Bitta,
Kutch, Gujarat.
Adani Godda Power is implementing a 1,600 MW plant at
Jharkhand
Jharkhand (; ; ) is a state in eastern India. The state shares its border with the states of West Bengal to the east, Chhattisgarh to the west, Uttar Pradesh to the northwest, Bihar to the north and Odisha to the south. It has an area of . It ...
.
The company has signed long term
power purchase agreement
A power purchase agreement (PPA), or electricity power agreement, is a contract between two parties, one which generates electricity (the seller) and one which is looking to purchase electricity (the buyer). The PPA defines all of the commercial te ...
s of about 9,153 MW with the government of Gujarat,
Maharashtra
Maharashtra (; , abbr. MH or Maha) is a states and union territories of India, state in the western India, western peninsular region of India occupying a substantial portion of the Deccan Plateau. Maharashtra is the List of states and union te ...
,
Haryana
Haryana (; ) is an Indian state located in the northern part of the country. It was carved out of the former state of East Punjab on 1 Nov 1966 on a linguistic basis. It is ranked 21st in terms of area, with less than 1.4% () of India's land ar ...
,
Rajasthan
Rajasthan (; lit. 'Land of Kings') is a state in northern India. It covers or 10.4 per cent of India's total geographical area. It is the largest Indian state by area and the seventh largest by population. It is on India's northwestern si ...
,
Karnataka
Karnataka (; ISO: , , also known as Karunāḍu) is a state in the southwestern region of India. It was formed on 1 November 1956, with the passage of the States Reorganisation Act. Originally known as Mysore State , it was renamed ''Karnat ...
, and
Punjab
Punjab (; Punjabi: پنجاب ; ਪੰਜਾਬ ; ; also romanised as ''Panjāb'' or ''Panj-Āb'') is a geopolitical, cultural, and historical region in South Asia, specifically in the northern part of the Indian subcontinent, comprising ...
.
History
Adani Power was started as a power trading company in 1996.
*2009 – It started generation in July 2009 by RAM implementation of its first 330 MW of 4,620 MW at
Mundra. This is the largest single location coal-based power project in India.
*2010 – The company commissioned another three 330 MW by November 2010 and country's first supercritical unit of 660 MW on 22 December 2010, making its capacity 1,980 MW.
*2011 – On 6 June 2011, it synchronised its second unit of 660 MW bringing the total generating capacity to 2,640 MW and on 2 October 2011, it synchronised its third super critical unit with national grid.
*2012 – In February 2012, it commissioned the last unit of Mundra Project to take its capacity to 4,620 MW which made the Mundra TPP the largest privately held thermal power plant in the world and fifth largest on an overall basis, as of March 2012. This plant became the third-largest thermal power plant in the world after its completion.
*2013 – In 2013, the company commissioned a 40 MW solar power project in Kutch, Gujarat. This is the largest solar power project in the country and marked the group's entry into the
renewable energy
Renewable energy is energy that is collected from renewable resources that are naturally replenished on a human timescale. It includes sources such as sunlight, wind, the movement of water, and geothermal heat. Although most renewable energy ...
sector.
*2014 – On 3 April 2014, the company announced the commissioning of the fourth unit of 660 MW at its power plant at Tiroda in Maharashtra, thus emerging as the largest private power producer in India, with an overall installed capacity of 9,280 MW. The fifth unit was commissioned later in 2014.
*2015 – the company announced the completion of acquisition of Udupi Power Corporation Limited on 11 May 2015. With this, Adani Power has a total commissioned capacity of 10,440 MW, making the company the largest private power producer in India.
*2017 – In 2017, one of its units created a national record by continuously operating for 600 days.
*2019 – In the fourth quarter ended on 31 March 2019, Adani Power reported a consolidated net profit of Rs 634.64
crore
A crore (; abbreviated cr) denotes ten million (10,000,000 or 107 in scientific notation) and is equal to 100 lakh in the Indian numbering system. It is written as 1,00,00,000 with the local 2,2,3 style of digit group separators (one lakh is e ...
s. In the same fiscal the previous year, the company had reported a consolidated net loss of Rs 653.25 crore.
Key people
Gautam Adani
Gautam Shantilal Adani (born 24 June 1962) is an Indian billionaire industrialist who is the chairman and founder of Adani Group, a multinational conglomerate involved in port development and operations in India. He is also the president of Ad ...
is the
chairman
The chairperson, also chairman, chairwoman or chair, is the presiding officer of an organized group such as a board, committee, or deliberative assembly. The person holding the office, who is typically elected or appointed by members of the grou ...
of the company. He completed his schooling from
Sheth Chimanlal Nagindas Vidyalaya
, motto_translation = The light radiates from Him.
, location = Ambavadi
, streetaddress =
, region =
, city = Ahmedabad
, state = Gujarat
, province ...
in Ahmedabad. He enrolled in a college at B.Com Course but dropped out to work as a diamond sorter at Mahindra Bros in
Mumbai
Mumbai (, ; also known as Bombay — the official name until 1995) is the capital city of the Indian state of Maharashtra and the ''de facto'' financial centre of India. According to the United Nations, as of 2018, Mumbai is the second- ...
. After a couple of years, Adani established his own diamond brokerage unit. In 1988, he established Adani Exports Limited, now known as Adani Enterprises Limited – the holding company of the
Adani Group
Adani Group is an Indian multinational conglomerate, headquartered in Ahmedabad. It was founded by Gautam Adani in 1988 as a commodity trading business, with the flagship company Adani Enterprises. The Group's diverse businesses include po ...
. He is the chairman and founder of the Adani Group.
Operations
Built by Adani
*
Mundra Thermal Power Station
Mundra Thermal Power Station is located at Mundra in Kutch district in the Indian state of Gujarat. The power plant is one of the coal-based power plants of Adani Power. The coal for the power plant is imported primarily from Bunyu, Indonesia. So ...
: 4,620 MW (4×330 MW + 5×660 MW) coal-based thermal power plant at Mundra, Kutch district, Gujarat.
It operates first power transmission project of 400 kV Double Circuit Transmission System from the Mundra plant to Dehgam (430 km).
*
Kawai Thermal Power Station
Kawai Thermal Power Station is a coal-based thermal power plant located in Kawai village in Baran district Rajasthan. The power plant is operated by the Adani Power.
Capacity
This is located at NH 90 Kawai Atru main road district Baran. Kawai, ...
: 1,320 MW (2×660 MW) coal-based thermal power plant at Kawai village, Baran district, Rajasthan. This plant is fully functional.
*
Tiroda Thermal Power Station: 3,300 MW (5×660 MW) coal-based thermal power plant at Tirora, Gondia district, Maharashtra. It is Maharashtra's largest coal-fired thermal power station.
*The company produces 40 MW of solar power in Bitta, Kutch Gujarat. This power plant was commissioned in 2011 within 165 days.
Taken over by Adani
*
Udupi Power Plant
Udupi Power Plant is a coal based thermal power station in Karnataka, India, established in 2008. It is located to the north of Mangalore, west of Belmannu, and just to the northeast of Padubidri in the village of Yellur, Udupi district, close ...
: 1,200 MW (2×600 MW) coal-based thermal power plant at Padubidri, Udupi district, Karnataka. Bo from Lanco Infratech in August 2014 for 6,000 crores.
*
Raikheda Thermal Power Station: On 2 August 2019, the firm completed the acquisition of GMR Chhattisgarh Energy Ltd. (GCEL) which owns and operates a power plant in Raikheda village in Raipur. The acquisition was concluded at an enterprise valuation of 3,530 crore. This addition has led to an increase in APL's total capacity to 12,450 MW. With this, APL has become the largest private sector thermal power producer.
*
Avantha Korba West Power Station Avantha Korba West Power Station is a power project located near Kirorimalnagar railway station in Raigarh district in Indian state of Chhattisgarh. The power plant is one of the coal based power plants of Korba West Power Company Limited, a wholly ...
: The firm got approval from NCLT in 07-Sep-2019 to takeover this plant.
*Adani Green House has rallied 29 percent after the announcement that the company has commissioned a 75MW wind power project.
*On 19th Aug 2022 Adani power announced it will acquire DB Power Limited (DBPL) from
Dainik Bhaskar Group for around Rs 7,017 crore, the company revealed in a regulatory filing.
Future projects
As of January 2011, the company has 16,500 MW under implementation and planning stage. Included are a 3,300 MW coal-based TPP at Bhadreswar in Gujarat; a 2,640 MW TPP at Dahej, Gujarat; a 1,320 MW TPP at Chhindwara in
Madhya Pradesh
Madhya Pradesh (, ; meaning 'central province') is a state in central India. Its capital is Bhopal, and the largest city is Indore, with Jabalpur, Ujjain, Gwalior, Sagar, and Rewa being the other major cities. Madhya Pradesh is the seco ...
; a 2,500 MW TPP at Anugul,
Orissa
Odisha (English: , ), formerly Orissa ( the official name until 2011), is an Indian state located in Eastern India. It is the 8th largest state by area, and the 11th largest by population. The state has the third largest population of Sch ...
; a 2,000 MW TPP at Sambalpur,
Orissa;
and a 2,000 MW gas-based power project at Mundra, Gujarat. The company is bidding for a 1,000 MW
lignite
Lignite, often referred to as brown coal, is a soft, brown, combustible, sedimentary rock formed from naturally compressed peat. It has a carbon content around 25–35%, and is considered the lowest rank of coal due to its relatively low heat ...
coal-based power plant in
Kosovo
Kosovo ( sq, Kosova or ; sr-Cyrl, Косово ), officially the Republic of Kosovo ( sq, Republika e Kosovës, links=no; sr, Република Косово, Republika Kosovo, links=no), is a partially recognised state in Southeast Euro ...
.
In November 2017, Adani Power (Jharkhand) signed a long-term pact with
Bangladesh Power Development Board
The Bangladesh Power Development Board (BPDB) is a government agency operating under the Ministry of Power, Energy and Mineral Resources, Government of the People's Republic of Bangladesh. It was created as a public-sector organization to boos ...
to supply electricity from its upcoming 1,600 MW plant at Godda in
Jharkhand
Jharkhand (; ; ) is a state in eastern India. The state shares its border with the states of West Bengal to the east, Chhattisgarh to the west, Uttar Pradesh to the northwest, Bihar to the north and Odisha to the south. It has an area of . It ...
.
As of 2019, the Adani Group is in talks with the Rural electrification Corporation (
REC Limited) and
Power Finance Corporation
Power Finance Corporation Ltd. (P. F. C.) is an Indian central public sector undertaking under the ownership of the Ministry of Power, Government of India. Established in 1986, it is the financial backbone of Indian power sector. PFC's net ...
(PFC) to set up a 1600 MW Godda Power Project in Jharkhand at a cost of approximately Rs 14,000 crores.
Awards
The company has won many awards and recognition. In 2017, it was named the Most Innovative Young Power Professional by IPPAI (
Independent Power Producers Association of India) at the 18th Regulators & Policymakers Retreat. In 2017, CSR Works International with support of
British Chamber of Commerce
British may refer to:
Peoples, culture, and language
* British people, nationals or natives of the United Kingdom, British Overseas Territories, and Crown Dependencies.
** Britishness, the British identity and common culture
* British English, ...
and High Commission of Canada, recognized the firm for best sustainability reporting in
Asia
Asia (, ) is one of the world's most notable geographical regions, which is either considered a continent in its own right or a subcontinent of Eurasia, which shares the continental landmass of Afro-Eurasia with Africa. Asia covers an area ...
, in
Singapore
Singapore (), officially the Republic of Singapore, is a sovereign island country and city-state in maritime Southeast Asia. It lies about one degree of latitude () north of the equator, off the southern tip of the Malay Peninsula, borde ...
. In 2018, it received the Recognition for Best Environment Management practices by Srishti Publications.
See also
*
Electricity sector in India
India is the third largest producer of electricity in the world.
During the fiscal year (FY) 2019–20, the total electricity generation in the country was 1,598 TWh, of which 1,383.5 TWh generated by utilities.
The gross electricity consum ...
*
Fortune India 500
The ''Fortune India'' 500 is a ranking of the top 500 corporations in India compiled on the basis of latest sales and gross revenue figures. The list is published annually by ''Fortune'' magazine. ''Fortune India'' is ''Fortune'' sixth internatio ...
*
List of companies of India
India is a country in South Asia. It is the seventh-largest country by area, the second-most populous country (with over 1.2 billion people), and the most populous democracy in the world.
In 2019, the Indian economy was the world's fifth ...
References
{{PCOI
Companies based in Ahmedabad
Electric power companies of India
Energy in Maharashtra
Adani Group
1996 establishments in Gujarat
Indian companies established in 1996
Energy companies established in 1996
Companies listed on the National Stock Exchange of India
Companies listed on the Bombay Stock Exchange