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Adani Power inks SPPAs with Haryana DISCOMs

03 Mar 2023 Evaluate

Adani Power has signed Supplemental Power Purchase Agreements (SPPAs) with Dakshin Haryana Bijli Vitran Nigam and Uttar Haryana Bijli Vitran Nigam (collectively Haryana DISCOMs) in respect of its two existing Power Purchase Agreements of net contracted capacity of 712 MW each (1566 MW in aggregate at generation end), which is being supplied from the Phase-IV 1980 MW (3x660 MW) capacity of the 4620 MW power plant at Mundra, Gujarat.

Under the terms of the SPPAs, the net capacity contracted with Haryana DISCOMs has been revised to 600 MW each, or 1200 MW in aggregate (1320 MW in aggregate at generation end), as delivered, considering availability of domestic coal linkage. Further, the 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 previous Generation end capacity of 1566 MW, while 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 thus give Haryana access to full capacity of 2x660 MW Units on exclusive basis and will allow the Company to schedule power supply from the third Unit of Phase-IV to other procurers, which will be pursued through bid opportunities in next few months.

Adani Power is engaged in the business of generation, accumulation, distribution and supply of power and to generally deal in electricity and to explore, develop, generate, accumulate, supply and distribute or to deal in other forms of energy from any source whatsoever.

Adani Power Share Price

218.40 2.10 (0.97%)
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