Adani Power on Tuesday said electricity tribunal APTEL has allowed its subsidiary Adani Power Rajasthan to charge a higher cost of coal regarding a 1,200-MW power supply agreement with distribution companies of Rajasthan.
Adani Power on Friday said its arm Raigarh Energy Generation Ltd (REGL) will supply a total of 295 megawatts (MW) to Tamil Nadu and Telangana over the next three years under a pilot scheme.
Adani Power on Wednesday said power regulator MERC has allowed pass through of higher coal prices for its Tiroda plant. The coal mine allocated to Tiroda plant was de-allocated and the company had to make arrangement for fuel supplies at higher cost. Adani Power arm Adani Power Maharashtra Ltd (APML) runs Tiroda plant.
Adani Power said on Wednesday its wholly-owned subsidiary Adani Power Maharashtra Ltd (APML) has been allowed compensation on account of non-availability of coal from Lohara coal block by the Maharashtra Electricity Regulatory Commission (MERC).
A consortium of lenders led by Axis Bank has issued a letter of intent approving Adani Power’s resolution plan to acquire controlling equity stake and restructure debt in GMR Chhattisgarh Energy Limited (GCEL).
Adani Electricity Mumbai Ltd. (AEML) announced its safety measures to be prepared for the monsoon season. In a safe way, it welcomed the season. It has activated its Central Disaster Control Room (CDCR)
Strange indeed are the ways of the some of India’s electricity regulatory authorities.
Shares of Adani Power Thursday jumped nearly 7 per cent after the company reported a consolidated net profit of Rs 634.64 crore for the fourth quarter ended March 31.
Adani Power Wednesday reported consolidated net profit of Rs 634.64 crore for the fourth quarter ended March 31, mainly on the back of higher revenues. It had posted a consolidated net loss of Rs 653.25 crore in the same period previous fiscal, the company said in a BSE filing.
A recent order from India’s top regulatory authority for the energy sector threatens to impose costs that run into trillions of rupees on several states and undermine the sanctity of Power Purchase Agreements (PPAs) across the country. It could also undermine contractual laws and established procedures for tenders and bids for government contract