Adani Power plans to expand capacity using inorganic technology

Adani Power Ltd. (APL) plans to expand capacity through the inorganic route, its Chief Executive Officer Shersingh B. Khyalia told analysts on an earnings conference call. The company is also evaluating brownfield expansion projects to add 4,800 MW of capacity, he said.

Ahmedabad-based APL is developing three projects of 1,600 MW each at Raipur, Raigarh and Mirzapur. The Raipur and Raigarh projects are expansions of existing plants in Chhattisgarh, while the Mirzapur project in Uttar Pradesh is being developed by Adani Power’s subsidiary, Mirzapur Thermal Energy (UP) Pvt Ltd.

“We are awaiting NCLT (National Company Law Tribunal) approval of the resolution plan for Lanco Amarkantak and Coastal Energen, which will increase our operational capacity by 1,800 MW and add another 1,320 MW of under-construction capacity,” Khyalia said, adding that these additions will collectively take the company’s target capacity to 30.67 GW by 2029-30 from the current 15 GW.

“We use a flexible business model and an integrated approach to increase certainty in project execution and operations,” Khyalia said.

ET on Thursday reported that APL is building a 1,600 MW (2×800) greenfield ultra-supercritical thermal power plant at Mirzapur as part of its strategy to double its thermal capacity to about 30 MW. The unit is being built by Mirzapur Thermal Energy (UP) Pvt Ltd.