Adani Power has signed a Business Transfer Agreement (BTA) with North Maharashtra Power (NMPL), a related party of the company, to acquire the 2x250 MW (500 MW) Adani Dahanu Thermal Power Station (ADTPS) located at Dahanu, District Palghar, Maharashtra on a going concern basis from NMPL.
ADTPS supplies power under a long-term Power Purchase Agreement (PPA) to the Mumbai power distribution circle of Adani Electricity Mumbai. This acquisition, which is consistent with the long term ESG risk management strategy, will enable consolidation of thermal power generation capacities of Adani portfolio companies under one umbrella to maximise synergistic benefits and leverage the company’s experience and capabilities for improved operational efficiency and reliability.
Adani Power is engaged in the business of generation, accumulation, distribution and supply of power and to generally deal in electricity and to explore, develop, generate, accumulate, supply and distribute or to deal in other forms of energy from any source whatsoever.
Company Name | CMP |
---|---|
NTPC | 339.30 |
Tata Power | 413.10 |
Power Grid Corp | 322.40 |
Adani Power | 511.85 |
Torrent Power | 1615.80 |
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