| Type | Public (BSE: 533096) |
|---|---|
| Industry | Electricity Generation Electricity Transmission Power Trading |
| Founded | August 22, 1996 |
| Headquarters | Adani House, Ahmedabad |
| Key people | Gautam Adani, Founder, Chairman |
| Revenue | US$ 482 million (2010-2011) |
| Net income | US$ 117 million (2010-2011) |
| Total assets | US$ 5.2 billion (2011) |
| Employees | 2300 (2011) |
| Parent | Adani Group |
| Website | [1] |
Adani Power Limited (BSE: 533096) is the power business arm of Indian business conglomerate Adani Group with head office at Ahmedabad, Gujarat. The company is India's largest thermal private power producer with capacity of 3300 MW.
The company currently operates three supercritical boilers of 660MW each (as per October 2011) at Mundra, Gujrat. It is India's first company to achieve the supercritical technology. The plant is the only thermal power plant in india to be certified by UN under CDM.[1]
The company is currently implementing 16500 MW at different stages of construction. Its mission is to achieve 20000 MW by 2020. The company currently produces electricity using only coal. 100MW of solar power station is also under advanced stage of implementation at Surendranagar in Gujarat.[2] The company has gone to long term PPAs of about 7200MW of its 9280MW with government of Gujarat, Maharashtra, Haryana and Rajasthan.
Contents |
The company was founded by the Adani group chairman billionaire Gautam Adani. It was incorporated as Adani Power Limited on 22 August 1996 and received a certificate of commencement of business on 4 September 1996. The Company became a private limited company on 3 June 2002 and the name of the Company was subsequently changed to Adani Power Private Limited. The RoC issued a fresh certificate of incorporation on 3 June 2002. The Company was, thereafter, converted into a public limited company on 12 April 2007 and the name of the Company was changed to Adani Power Limited. Further, upon ceasing to be a private limited company, the word private was deleted through a special resolution at the EGM of the Company held on 28 March 2007. The fresh certificate of incorporation consequent to change of the name was granted by the RoC to the Company on 12 April 2007.
Adani power was started as a power trading company 1996. It started generation in July 2009 by implementation of its first 330MW of 4620mw at Mundra. The Mundra super mega project is the largest coal based power project of India and fifth largest in the world. The company commissioned another three 330 MW by November 2010 and country's 1st supercritical unit of 660 MW on 22 December 2010, making its capacity 1980 MW.0n 6 june 2011 it synchronized its second unit of 660 MW bringing the total generating capacity to 2640 MW and on 2nd October, 2011, it synchronized its third super critical unit with national grid .With this,Adani power has become largest thermal power generating company in the private sector and the Mundra plant has become India's Largest Power plant with capacity 3300MW.The company is set to take its generating capacity to 6000 MWs by the end of 2011-2012.
The company currently operates 3300 MW coal based thermal power plant in Mundra, Gujarat. It operates first power transmission project of 400KV Double Circuit Transmission System from the Mundra plant to Dehgam (430 km). The company operates India's first supercritical unit of 660MW. It also implemented country's only private 1000 km HVDC transmission line for efficient transmission of power to Haryana.
The company is currently implementing thermal projects of 3300MW (5X660MW) at Tiroda, Maharastra and 1320MW (2X660MW) at Kawai, Rajsthan,[3] and a 40MW solar project at Surendranagar,Gujrat
As of January 2011[update], the company has 16500MW[4] under implementation and planning stage. A few of them are 3300MW coal based TPP at Bhadreswar in Gujarat, 2640 MW TPP at Dahej in Gujrat, 1320 MW TPP at Chhindwara in Madhya Pradesh, 2000 MW TPP at Anugul in Orissa and 2000MW gas based power project at Mundra in Gujarat. The company is also bidding for 1000 MW of lignite coal based power plant at Kosovo showing its international projects.[5]