Adani Group has won the bid for long-term supply of 6600 MW of renewable energy and thermal power to Maharashtra. Company for this per unit Rs. 4.08 and outperformed JSW Energy and Torrent Power.
According to media reports, Adani Group's bid for supply of renewable and thermal energy for 25 years is one rupee per unit less than the rate at which Maharashtra currently buys electricity. This will help the state meet its future power needs.
Power supply will start in 48 months
Electricity supply is scheduled to commence within 48 months from the date of issuance of Letter of Intent (LoI). As per the terms of the bid, Adani Power will pay per unit during the entire supply period Rs. 2.70 will supply solar power. While the price of electricity generated from coal will be determined based on the price of coal.
The Maharashtra State Electricity Distribution Company Limited (MSEDCL) floated a unique tender in March to purchase 5000 MW of solar-generated electricity and 1600 MW of coal-generated electricity.
It was issued before the implementation of the Model Code of Conduct for Lok Sabha elections and has been given to the Adani Group before the announcement of Assembly elections in the state. The tender includes supply of both solar power and thermal power to meet the power demand during peak hours.
Adani Power to win the contract paid Rs. 4.08 was bid.
Adani Power per unit Rs. 4.08 was bid
According to sources, Adani Power to win the contract paid Rs. 4.08 was bid. The second lowest bid was JSW Energy's Rs. 4.36 per unit. Last year in Maharashtra Rs. 4.70 per unit is lower than the average power purchase price.
Average cost of power purchase for 2024-25 Rs 4.97 per unit
The Maharashtra Electricity Regulatory Commission (MERC) has pegged the average power purchase price for 2024-25 at Rs. 4.97 per unit has been fixed. Thus, Adani's bid is lower by about one rupee per unit. A total of four companies participated in the tender for power supply for 25 years.
Adani Power, the country's largest thermal power producer in the private sector, has a generating capacity of over 17 GW, which will increase to 31 GW by 2030. Its subsidiary Adani Green Energy Limited is the country's largest renewable energy company with a generating capacity of 11 GW. The target is to increase it to 50 GW by 2030.
Image Credit: (Divya-Bhaskar): Images/graphics belong to (Divya-Bhaskar).
