Adani Power Gets Loa For 800 Mw Supply In Mp

Adani Power on Saturday said it has received a Letter of Award (LoA) from MP Power Management Company Ltd. (MPPMCL) for the supply of power from a new 800 MW Ultrasupercritical thermal power plant to be developed in Anuppur district of Madhya Pradesh.

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The project will help Madhya Pradesh meet its ever-growing electricity demand due to increased industrialisation and urbanisation.

The Adani Group company will invest Rs 10,500 crore towards setting up the plant and related infrastructure, a statement said.

Adani Power said it emerged as one of the lowest bidders in a highly competitive bidding process, with the final tariff of Rs 5.838 per kWh.

As part of the contract, the Company will supply power from a new 800 MW Ultrasupercritical thermal power unit, to be set up under the Design, Build, Finance, Own, and Operate (DBFOO) model, in the state.

The unit will be commissioned within 54 months of the appointed date.