The Bangladesh Power Development Board (BPDB) has issued a $173 million letter of credit (LC) to Adani Power Limited to maintain the electricity supply. This LC follows Adani Power’s reduction of electricity deliveries by half due to unpaid dues totalling $843 million. Issued by Bangladesh’s Krishi Bank, with ICICI Bank in India as the counterpart, this is BPDB’s third LC to address payment issues with Adani Power.
Adani Power Jharkhand Limited (APJL), a subsidiary of Adani Power, has halved its power supply to Bangladesh, citing outstanding dues of $846 million, according to local media. Data from Power Grid Bangladesh PLC shows that supply from the 1,496 MW plant has been reduced to 700 MW from a single unit, exacerbating Bangladesh’s energy shortfall, which exceeded 1,600 MW overnight. On October 27, Adani warned the Bangladesh Power Development Board (PDB) of potential supply cuts…
Adani Power Ltd reported a nearly 50% year-on-year drop in net profit for Q2 FY25, with earnings at Rs 33.17 billion, down from Rs 66.16 billion in the same quarter last year. However, revenue from operations rose by 2.68% to Rs 133.39 billion, up from Rs 129.91 billion in Q2 FY24. EBITDA increased by 24.6% to Rs 54.02 billion, driven by higher sales volumes and reduced fuel and operating costs. The company noted that power…
Adani Power Limited (APL) has signed a business transfer agreement (BTA) with North Maharashtra Power Limited (NMPL) to acquire the Adani Dahanu thermal power station (ADTPS), which has a capacity of 2×250 MW (500 MW) in Dahanu, Maharashtra. With this acquisition, Adani Power’s total generation capacity will increase to 17,550 MW.
Ion Exchange has secured a Rs 1.61 billion contract from Adani Power for total water and environment management solutions at two 800 MW units for Raipur and Raigarh ultra-super power projects in Madhya Pradesh. The scope includes engineering, procurement, and construction (EPC) for water and environment management systems, to be completed within 18 months. The project covers the entire water cycle, from pre-treatment and process water treatment to wastewater management, recycling, zero liquid discharge, and…
Adani Power Limited (APL) completed the acquisition of Lanco Amarkantak Power Limited (LAPL) for the Pathadi Thermal Power Project (TPP) phase II. The acquisition includes LAPL’s existing 2×300 MW (600 MW) operational TPP in Korba district, Chhattisgarh, and the development of an additional 2×660 MW (1,320 MW) TPP capacity under phase II expansion.
Maharashtra State Electricity Distribution Company (MSEDCL) has issued a letter of intent (LoI) to Adani Power (APL) for the supply of 5,000 MW of solar power to Maharashtra. This follows Adani Group’s successful bid to supply a total of 6,600 MW, including 5,000 MW of solar power and 1,600 MW of thermal power. Adani Green Energy (AGEL) will enter into a long-term power purchase agreement (PPA) with MSEDCL to provide solar energy from the world’s…
Adani Power plans to triple the capacity of its Kawai thermal power plant in Rajasthan, increasing it from 1,320 MW to 4,520 MW, with an investment of up to Rs 180 billion. The expansion will be carried out in two phases, each adding 1,600 MW over the next few years. As part of its broader strategy to double its thermal power capacity, Adani Power is also setting up new plants and expanding existing ones across…
Adani Power has established a wholly-owned subsidiary, Adani Power Middle East, in Abu Dhabi. The new entity was incorporated on 26 August 2024 with an authorized capital of 27,000 shares, each valued at $1. This move is part of Adani Power’s strategy to invest in power, infrastructure, and related fields in the Middle East. Adani Power, a part of the Adani Group, is India’s largest private thermal power producer. The company reported a 55.33% decline…
Bharat Heavy Electricals Ltd (BHEL) has secured three major orders from Adani Power Ltd and its subsidiary Mahan Energen Ltd to supply main plant equipment, including boilers, turbines, and generators, and oversee the erection and commissioning of three upcoming supercritical coal-based power projects. The total value of these orders exceeds Rs 110 billion, excluding GST. The projects awarded to BHEL are: Kawai (Phase-II), 2×800-MW, Rajasthan Kawai (Phase-III), 2×800-MW, Rajasthan Mahan (Phase-III), 2×800-MW, Madhya Pradesh The…
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