Adani Power Limited is the power business subsidiary of Indian conglomerate Adani Group with head office at Ahmedabad, Gujarat. The company is India's largest private thermal power producer, with capacity of 12,450 MW. The firm was ranked as the 73rd largest corporation in India in Fortune India 500 list of 2018. The company operates:
Five super-critical units of 660 MW each and 4 sub-critical units of 330 MW each at Mundra, Gujarat;
It also operates a mega solar plant of 40 MW at Naliya, Bitta, Kutch, Gujarat. It is India's first company to synchronise the supercritical technology. The plant is the only thermal power plant in India to be certified by United Nations Framework Convention on Climate Change under Clean Development Mechanism. Adani Power is implementing a 1,600 MW plant at Godda, Jharkhand. The company has signed long term PPAs of about 9,153 MW with government of Gujarat, Maharashtra, Haryana, Rajasthan, Karnataka, and Punjab. The firm is actively involved in CSR activities and was placed among the top 100 companies listed in the Best Companies for CSR 2014 study.
2009 – It started generation in July 2009 by 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 – 0n 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 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, a 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 crores. In the same fiscal the previous year, the company had reported a consolidated net loss of Rs 653.25 crore.
Key people
is the chairman of the company. He completed his schooling from Sheth Chimanlal Nagindas Vidyalaya in Ahmedabad. He enrolled in a college but dropped out to work as a diamond sorter at Mahindra Bros in Mumbai. 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. He is the chairman and founder of the Adani Group.
Operations
Built by Adani
Mundra Thermal Power Station: 4,620 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.
Kawai Thermal Power Station: 1,320 MW coal-based thermal power plant at Kawai village, Baran district, Rajasthan. This plant is fully functional.
Tiroda Thermal Power Station: 3,300 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: 1,200 MW coal-based thermal power plant at Padubidri, Udupi district, Karnataka. Both units are fully functional since September 2012. Adani acquired this power plant from Lanco Infratech in August 2014 for Rs. 6,000 crores.
Raikheda Thermal Power Station: On 2 August 2019, the firm completed the acquisition of GMR Chhattisgarh Energy Ltd. which owns and operates a power plant in Raikheda village in Raipur. The acquisition was concluded at an enterprise valuation of Rs. 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: 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.
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; a 2,500 MW TPP at Anugul, Orissa; 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 coal-based power plant in Kosovo. In November 2017, Adani Power signed a long-term pact with Bangladesh Power Development Board to supply electricity from its upcoming 1,600 MW plant at Godda in Jharkhand. As of 2019, the Adani Group is in talks with the Rural electrification Corporation and Power Finance Corporation to set up a 1600 MW Godda Power Project in Jharkhand at a cost of approximately Rs 14,000 crores.
Awards/Recognition
The company has won many awards and recognition. In 2017, it was named the Most Innovative Young Power Professional by IPPAI at the 18th Regulators & Policymakers Retreat. In 2017, CSR Works International with support of British Chamber of Commerce and High Commission of Canada, recognised thefirm for best sustainability reporting in Asia, in Singapore. In 2018, it received the Recognition for Best Environment Management practices by Srishti Publications.
