" This blog is a integrated approach towards tracking the Indian power sector
which is evolving, having a great potential with prosperous future."

ALL INDIA INSTALLED CAPACITY

ALL INDIA INSTALLED CAPACITY

Tuesday, July 19, 2011

Adani Power may look at bidding for ultra mega power projects

Power utility Adani Power may look at bidding for ultra mega and as well as coal-based power projects having a minimum generation capacity of 4,000 MW. "The company may evaluate Ultra Mega Power Projects (UMPPs), coal based power projects with a capacity of 4,000 MW or above, as and when they come up for bidding," according to the company's annual report for 2010-11. Adani Power, a part of diversified Adani group, has an ambitious plan of having a capacity of 16,500 MW in the coming years. 
As part of efforts to meet the growing electricity demand, the government is encouraging UMPPs. Each such project has a generation capacity of about 4,000 MW, entailing an investment of about Rs 16,000 crore. A total of 16 UMPPs have been envisaged and special purpose vehicles have been set up for 12 projects. So far, the government has awarded four UMPPs - Sasan in Madhya Pradesh, Mundra in Gujarat, Krishnapatnam in Andhra Pradesh and Tilaiya in Jharkhand. Three of them - Sasan, Krishnapatnam and Tilaiya - are implemented by Reliance Power , while Mundra project is done by Tata Power. Adani Power, along with its subsidiaries, has nine power projects -- having a combined capacity of 16,500 MW. Of the total, 1,980 MW has been commissioned and 7,260 MW is under implementation. "The company is in advanced stages of implementing 4,620 MW coal-based power project at Mundra in Gujarat, 3,300 MW coal- based power project at Tiroda in Maharashtra and 1,320 MW coal-based power project at Kawai in Rajasthan," the report noted. In 2010-11, Adani Power posted a total income of Rs 2,125.07 crore, including Rs 2,106.43 crore from sale of power. The entity raked in a profit after tax of Rs 523.75 crore last fiscal.

No comments:

Post a Comment