Adani Power to supply 1,311 MW power to HPGCL

AHMEDABAD: Adani Power Limited (APL) is set to supply power to the Haryana Power Generation Corporation Limited (HPGCL) soon.

APL has received a Letter of Intent (LoI) for supplying 1,311 MW of power to HPGCL, which will be supplied from the company's under-construction power generation facility in Mundra, Kutch, at the rate of Rs 2.94 per unit, a company release said today.

With this LoI, the APL now has successful tie up for supply of 3,311 MW of power from its Mundra facility.

At present, APL has six coal-fired thermal power projects under various stages of development which have a combined power generation capacity of 9,900 MW at a cost of Rs 43,139 crore, the release said.

The company has also made a bid to supply 1,420 MW of power from its proposed Tiroda power project to Maharashtra State Electricity Distribution Company Limited, the release added.

APL intends to sell power under a combination of long-term power purchase agreements to industrial and state-owned consumers as well as on merchant basis, it added.

APL had already signed two power purchase agreements with Gujarat Urja Vikas Nigam Limited for the supply of 1,000 MW of power produced from its Mundra I and II power project, and 1,000 MW from the Mundra III power project.