Adani Power renews 712 MW agreement with Haryana Govt’s Power Distribution Companies

Adani Power renews 712 MW agreement with Haryana Govt's Power Distribution Companies

Adani Power Signs SPPAs with Haryana DISCOMs for its Mundra Power Plant

Adani Power has signed two new supplementary Power Purchase Agreements (SPPAs) with Dakshin Haryana Bijli Vitran Nigam Limited and Uttar Haryana Bijli Vitran Nigam Limited, together referred to as Haryana DISCOMs, in relation to its existing Power Purchase Agreements. The net contracted capacity of the two Power Purchase Agreements is 712 MW each, which is being supplied from the Phase-IV 1980 MW (3×660 MW) capacity of the 4620 MW power plant located at Mundra, Gujarat.

As per the terms of the new SPPAs, the net capacity contracted with Haryana DISCOMs has been revised to 600 MW each, which totals to 1200 MW in aggregate (1320 MW at generation end), considering the availability of domestic coal linkage. Additionally, Haryana DISCOMs will pay quoted energy charges for power generated from domestic coal under long-term Fuel Supply Agreement, which shall continue to be proportionate to the previous generation end capacity of 1566 MW. For power consumed beyond the domestic coal materialisation and availability, energy charge will be based on imported coal price linked to CERC escalation index.

This development will give Haryana access to the full capacity of 2×660 MW units on an exclusive basis, and will enable Adani Power to schedule power supply from the third unit of Phase-IV to other procurers. The Company plans to pursue bid opportunities for this purpose in the coming months.

About Adani Power:

Adani Power (APL), a part of the diversified Adani Group, is the largest private thermal power producer in India. The co along with its subsidiaries sell power generated from these projects under a combination of long term Power Purchase Agreements, Short term PPA and on merchant basis.

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