Adanis tie Up Rs 4,084-cr debt for 1,320-mw Plant

Adani Power has raised Rs 4,084-crore debt for its 1,320 megawatt power plant at Tiroda in Maharashtra. The company is setting up a 3,300-mw of thermal power capacity at Tiroda in three phases with a total capital outlay of around Rs 18,000 crore. The loan of Rs 4,048 crore would be used to finance the third phase which would entail setting up two units of 660 mw each. The construction activities are in full swing and the first three units of the project are planned to be commissioned in the XIth Five Year Plan (2007-2012) and the balance two units in the first year of the XIIth Five Year Plan (2012-2017).

Adani Power aims to scale up its capacity to 20,000 mw by 2020 from 2,640 mw currently. It is implementing power projects aggregating to 16,500 mw at Mundra (4,620 mw), Bhadreshwar (3,300 mw) and Dahej (2,640 mw), Tiroda (3,300 mw), Kawai (1,320 mw) and Chhindwara (1,320 mw). The company has entered into long-term power purchase agreements with various state electricity utilities located in Gujarat, Haryana, Maharashtra and Rajasthan for supplying 7,144 mw of power. crackcrack