Adani Power has signed a business transfer agreement to acquire the 500 MW Adani Dahanu Thermal Power Station (ADTPS) from North Maharashtra Power Limited (NMPL) for Rs 815 crore. This acquisition is part of a broader strategy to consolidate Adani's thermal power generation capacities under one umbrella, aiming to enhance operational efficiency and reliability.
The Dahanu Power Plant, located in Palghar, Maharashtra, supplies power under a long-term agreement to Adani Electricity Mumbai Limited. Adani Power plans to invest an additional Rs 450 crore over the next five years for life extension capital expenditure on the plant.
“The acquisition of ADTPS 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 of the power plant,” Adani Power said in the statement to BSE.
This move is also aligned with Adani's efforts to meet environmental, social, and governance (ESG) norms, potentially attracting ESG-focused investors.
Adani Power Limited is the largest private thermal power producer in India, with an installed capacity of 15,250 MW. This capacity is spread across nine power plants located in various states, including Gujarat, Maharashtra, Rajasthan, Karnataka, Chhattisgarh, Madhya Pradesh, and Jharkhand.
Tata Power has a total installed capacity of 14,381 MW, which includes a mix of thermal, hydro, solar, and wind power. As the largest power producer in India, NTPC has an installed capacity of over 66,000 MW, primarily from thermal power plants but also including significant contributions from hydro, solar, and wind sources.
Adani Power’s focus on thermal power gives it a significant edge in that specific segment, while companies like Tata Power and NTPC have more diversified portfolios, including substantial renewable energy capacities.
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