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Adani Power is an Indian multinational power and energy company, subsidiary of Adani Group and based in Khodiyar in Ahmedabad, India. It is a private thermal power producer, with a capacity of 15,250 MW [ 3 ] and operates a mega solar plant of 40 MW at Naliya, Bitta, Kutch , Gujarat. [ 4 ]
Adani Group is an Indian multinational conglomerate, headquartered in Ahmedabad.Founded by Gautam Adani in 1988 as a commodity trading business, the Group's businesses include sea and airport management, electricity generation and transmission, mining, natural gas, food, weapons, and infrastructure. [12]
Adani Power Limited (APL), executed a MoU with the Government of Rajasthan (GoR) in March 2008, to set up a thermal power generation project of 1200 MW (±10%) and sell at least 50% power in the State of Rajasthan which later on, implemented long term PPA (21.01.2010) thru’ competitive bidding process for supply of 1200 MW power to Rajasthan Discoms.
In 2015–2016, Adani Renewable Energy Park Limited, a subsidiary of AGEL, signed a joint venture agreement with the Government of Rajasthan. [13] In 2017, the company took the complete control of overall solar energy portfolio of Adani Enterprises and got itself listed at National Stock Exchange of India and Bombay Stock Exchange. [14] [15]
Adani is executive director of Adani Green Energy Limited (AGEL). He’s also the nephew of Gautam Adani, Asia’s second richest man, whose $100 billion fortune stems from the Adani Group, India ...
In 1996, the power business arm of the Adani Group, Adani Power, was founded by Adani. Adani Power holds thermal power plants with a capacity of 4620MW, the largest private thermal power producer of the country. [35] In May 2020, Adani won the world's largest solar bid by the Solar Energy Corporation of India (SECI) worth US$6 billion.
Adani Transmission was founded by Gautam Adani in December 2015 after separating the decade-old transmission business from Adani Enterprises. [5] At the time of the founding, the company became the primary custodian for more than 3800 circuit kilometers of transmission lines originating from the Mundra Thermal Power Station, connecting Mundra–Dehgam, Mundra–Mohindergarh and Tirora–Warora.
The company was incorporated in 1993 under the name Adani Exports Limited. [6] It mainly deals with the group's integrated resources management, power trading, and natural resources businesses on a standalone basis. [7] Its general purpose is to act as an in-house incubator for Adani Group's new businesses until they become self-sustainable. [8 ...