New Delhi: Adani Power has said on Wednesday that Madhya Pradesh Electricity Regulatory Commission has approved its plan of setting up a 1,320 MW thermal power plant in Madhya Pradesh. The commission has also approved the sale of the entire electricity from the plant to the state through Adani Power arm Pench Thermal Energy. Pench Thermal Energy has signed a power purchase agreement with MP Power Management Company Ltd (MPPMCL) for the procurement of 1,320 MW of electricity on a long-term basis.
The power would be supplied from the new power station of 1,320 MW capacity to be set up with supercritical technology on design, build, finance, own, and operate (DBFOO) basis by sourcing fuel from the allocated coal linkage under the SHAKTI policy, a statement said.
Adani Power said that the said power purchase agreement has been duly approved by the Madhya Pradesh Electricity Regulatory Commission. This development affirms the company's belief in the long-term growth potential of the power sector, and the importance of thermal power in realising the ambitious target of Power for All, it added.
The company is confident of combining its proven project execution skills and accumulated experience of operating and maintaining India's largest private sector power generation capacity, the statement said.