Adani opens power plant for supply to Bangladesh
1 min read . Updated: 07 Apr 2023, 07:51 PM IST
PremiumAdani Power, said in a regulatory filing on Friday, that Unit 1 of the new plant has begun operations with a capacity of 800 MW.
MUMBAI : Adani Power Ltd opened a new power plant in Jharkhand that will supply electricity to Bangladesh.
Adani Power, said in a regulatory filing on Friday, that Unit 1 of the new plant has begun operations with a capacity of 800 MW. This is part of the 2x800 MW ultra-supercritical power project of Adani Power (Jharkhand) Ltd (APJL), according to the filing.
APJL, a wholly-owned unit of Adani Power, has a 25-year power purchase agreement (PPA) to 748 MW from Unit 1 to the Bangladesh Power Development Board.
Meanwhile, the second unit of 800 MW is in the final stages of completion and is expected to be commissioned soon, the company said. On 8 February, Adani Power reported its consolidated net profit plunged 96% from a year earlier to ₹8.7 crore in the quarter ended 31 December 2022 (Q3FY23), from ₹218.5 crore a year earlier. Consolidated revenue from operations, however, jumped by 45% to ₹7,764.4 crore from ₹5,360.9 crore a year ago.