Adani in the news

Adani Power enters fuel pact with CIL for Mundra plant
The Hindu Business Line - June 05, 2012

Private sector power major Adani Power Ltd on Monday entered the fuel supply pact with Coal India for Mundra plant in Gujarat.

The 4,620-MW coal-based thermal power project is primarily linked to overseas and domestic captive sources. Mundra facility was fully commissioned in February.

While details of the FSA are not available, CIL sources confirmed that the private major has entered agreement. Comments were not available from Adani Power.

With this almost all the private sector majors have entered FSA with CIL for projects commissioned between April 2009 and December last year.

Other private operators who entered the pact so far are: Kolkata-headquartered CESC Ltd; Reliance Power-controlled Uttar Pradesh-based Rosa Power; Lanco and the UP-based Bajaj Energy for a combined capacity of 2,530 MW.

The total number of supply pacts signed stands at 15 out of 48 identified projects.

While a couple of state utilities have also entered the pact, the Union Government-controlled NTPC Ltd is yet to join the bandwagon.

The public sector major has demanded roll back of the existing draft, cleared by CIL board.