Adani in the news

Adani thermal power plant to start production in May
The Times of India - April 14, 2012

The first 660MW unit of Adani's Tiroda power plant is likely to start power production in the third week of May. It will take another two months for the unit to start generating power on stable basis.

This unit will bring much needed relief to the state as 78% of the power generated (515MW) by it will be sold to MSEDCL. The remaining 145 MW will be sold by Adani in open market on merchant basis. The second 660MW unit of Tiroda plant is likely to be synchronized by year end.

An Adani official said that Maharashtra Pollution Control Board ( MPCB) had given clearance for the first unit. "Work is going on in full swing to meet the synchronization target."

Two 660MW units will be commissioned in the first stage. In stage two, three more 660MW units will be commissioned taking the generating capacity to 3,300MW. The company is also constructing a 400KV double circuit line from Tiroda to Warora. Power generated in the second phase will be evacuated by a 765KV line.

Merchant power sales from Tiroda plant is expected to help Adani survive the anticipated negative impact of its supply contracts with Gujarat for first three quarters of 2012-13. The company started supplying 1,000MW a day from Mundra power station to Gujarat Urja Vikas Nigam Ltd at Rs 2.35MW a unit for 25 years from February.

Adani claims that due to increase in price of coal, this tariff will lead to huge losses.