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Adani Group joins Utilities for Net Zero Alliance

India, News

Adani Group companies Adani Green Energy Limited (AGEL) and Adani Energy Solutions Limited (AESL) have become the first Indian firms in the renewable energy and transmission & distribution (T&D) sectors, respectively, to join the Utilities for Net Zero Alliance (UNEZA). The alliance, under the guidance of the International Renewable Energy Agency (IRENA) and the UN Climate Change High-Level Champions, aims to promote renewable energy grids and clean energy solutions globally. Both AGEL and AESL aim…

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PGCIL, Adani, Sterlite Power in race for Gujarat’s HVDC transmission project

India, News

Three players—Power Grid Corporation of India Ltd (PGCIL), Adani Energy Solutions Ltd (AESL), and Sterlite Power—have qualified to compete for a major interstate transmission system (ISTS) scheme in Gujarat, involving high-voltage direct current (HVDC) technology. The scheme is part of the Khavda V-A Power Transmission project, aimed at evacuating 8 GW of renewable energy from the Khavda region in Gujarat. Developer selection is being conducted through tariff-based competitive bidding (TBCB). The project is estimated to…

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Ion Exchange wins Rs 1.61 billion order from Adani Power

India, News

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…

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Adani Power completes acquisition of Pathadi thermal project phase II

India, News

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.

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MSEDCL awards 5 GW solar power contract to Adani Power

India, News

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…

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Adani secures 6,600 MW energy supply deal with MSEDCL

India, News

Maharashtra State Electricity Distribution Company Ltd (MSEDCL) has issued a letter of intent to Adani Group for the long-term supply of 6,600 MW of thermal and green energy. The agreement includes 5,000 MW of solar power from Adani Green Energy Ltd (AGEL) and 1,600 MW of thermal power from Adani Power Ltd (APL). Adani Power and AGEL will sign formal 25-year power supply agreements with MSEDCL, following a competitive bidding process. The 5,000 MW solar…

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Kenya awards $1.3bn power concession to Adani Group and Africa50

India, News

Kenya Electricity Transmission has entered into a $1.3 billion public-private partnership (PPP) with India’s Adani Group and Africa50, the infrastructure investment platform of the African Development Bank (ADB). The partnership aims to enhance Kenya’s power transmission infrastructure, with the concession awarded to build transmission lines confirmed by David Ndii, chief economic adviser to President William Ruto.

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Adani Green repays USD 750 million Holdco Notes, avoiding refinancing

India, News

Adani Green Energy Ltd announced it has fully repaid its $750 million Holdco Notes, using cash reserves and a fully funded redemption reserve, without the need for refinancing. The 4.38% Holdco Notes, issued in September 2021 to fund the company’s expansion, were redeemed ahead of their September 8 due date, according to a stock exchange filing on September 9. The bonds supported Adani Green’s growth over the past three years, during which the company tripled…

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PGCIL, Adani qualify for Jam Khambhaliya Pooling Station augmentation bids

India, News

Power Grid Corporation of India Ltd (PGCIL) and Adani Energy Solutions Ltd (AESL) have qualified to open initial price bids for the Jam Khambhaliya Pooling Station augmentation scheme in Gujarat. PFC Consulting Ltd (PFCCL) is coordinating the bidding process under the ISTS scheme, “Augmentation of transformation capacity at Jam Khambhaliya PS (GIS),” which could progress to an e-reverse auction (e-RA) based on initial bids. The winner will be chosen through final price bids from the…