Adani to supply 1,600 MW power to MPPMCL from greenfield plant

Ahmedabad: In a first-of-its-kind adoption of the greenshoe option in a thermal power tender in India, Adani Power Ltd (APL) on Thursday said it has been awarded a total of 1,600 MW capacity by MP Power Management Company Limited (MPPMCL) under the recently concluded tendering process. India's largest private sector thermal power generator received a Letter of Award (LoA) from MPPMCL, awarding 800 MW additional capacities under the ‘Greenshoe Option’.

Both the units (800MW X 2), in Anuppur district of Madhya Pradesh, will be commissioned within 60 months of the appointed date. The company will invest around Rs21,000 crore towards setting up the plant and related infrastructure The project is expected to generate direct and indirect employment of 9,000–10,000 during the construction phase and 2,000 once in operation.