Adani Power is an Indian multinational power and energy company, subsidiary of Adani Group and based in Khodiyar in Ahmedabad, India. It is a private thermal power producer, with a capacity of 12,450 MW and operates a mega solar plant of 40 MW at Naliya, Bitta, Kutch, Gujarat. Adani Godda Power is implementing a 1,600 MW plant at Jharkhand. The company has signed long term power purchase agreements of about 9,153 MW with the government of Gujarat, Maharashtra, Haryana, Rajasthan, Karnataka, and Punjab.
History
Adani Power was started as a power trading company in 1996.
2009 – It started generation in July 2009 by RAM implementation of its first 330 MW of 4,620 MW at Mundra. This is the largest single location coal-based power project in India. 2010 – The company commissioned another three 330 MW by November 2010 and country's first supercritical unit of 660 MW on 22 December 2010, making its capacity 1,980 MW. 2011 – On 6 June 2011, it synchronised its second unit of 660 MW bringing the total generating capacity to 2,640 MW and on 2 October 2011, it synchronised its third super critical unit with national grid. 2012 – In February 2012, it commissioned the last unit of Mundra Project to take its capacity to 4,620 MW which made the Mundra TPP the largest privately held thermal power plant in the world and fifth largest on an overall basis, as of March 2012. This plant became the third-largest thermal power plant in the world after its completion. 2013 – In 2013, the company commissioned a 40 MW solar power project in Kutch, Gujarat. This is the largest solar power project in the country and marked the group's entry into the renewable energy sector. 2014 – On 3 April 2014, the company announced the commissioning of the fourth unit of 660 MW at its power plant at Tiroda in Maharashtra, thus emerging as the largest private power producer in India, with an overall installed capacity of 9,280 MW. The fifth unit was commissioned later in 2014. 2015 – the company announced the completion of acquisition of Udupi Power Corporation Limited on 11 May 2015. With this, Adani Power has a total commissioned capacity of 10,440 MW, making the company the largest private power producer in India. 2017 – In 2017, one of its units created a national record by continuously operating for 600 days. 2019 – In the fourth quarter ended on 31 March 2019, Adani Power reported a consolidated net profit of crores. In the same fiscal the previous year, the company had reported a consolidated net loss of crore.
Key people
Gautam Adani is the chairman of the company. He completed his schooling from Sheth Chimanlal Nagindas Vidyalaya in Ahmedabad. He enrolled in a college at B.Com Course but dropped out to work as a diamond sorter at Mahindra Bros in Mumbai. After a couple of years, Adani established his own diamond brokerage unit. In 1988, he established Adani Exports Limited, now known as Adani Enterprises Limited – the holding company of the Adani Group. He is the chairman and founder of the Adani Group.
Operations
Built by Adani
Mundra Thermal Power Station: 4,620 MW (4×330 MW + 5×660 MW) coal-based thermal power plant at Mundra, Kutch district, Gujarat. It operates first power transmission project of 400 kV Double Circuit Transmission System from the Mundra plant to Dehgam (430 km). Kawai Thermal Power Station: 1,320 MW (2×660 MW) coal-based thermal power plant at Kawai village, Baran district, Rajasthan. This plant is fully functional. Tiroda Thermal Power Station: 3,300 MW (5×660 MW) coal-based thermal power plant at Tirora, Gondia district, Maharashtra. It is Maharashtra's largest coal-fired thermal power station. The company produces 40 MW of solar power in Bitta, Kutch Gujarat. This power plant was commissioned in 2011 within 165 days.