Adani Power enters into 20-year PPA with Reliance Industries

• Posted in OilGas
• on March 29, 2024
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Adani Power’s wholly-owned subsidiary Mahan Energen Limited (MEL), which recently bagged a big coal block in Chhattisgarh for commercial coal mining, has entered into a 20-year, long-term Power Purchase Agreement (PPA) with Reliance Industries Limited (RIL). The agreement is for the supply of 500 MW of electricity under the captive user policy as defined in the Electricity Rules, 2005, the company said in a regulatory filing on Thursday.

One unit of 600 MW capacity of MEL’s thermal power plant, out of its aggregate operating and upcoming capacity of 2,800 MW, will be designated as the captive unit for this purpose, it stated.

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