Adani sets up new power company in UAE, will invest in energy, infrastructure and related fields

Adani Power Limited has formed a wholly owned subsidiary, Adani Power Center Adani Power Middle East Ltd., in Abu Dhabi, United Arab Emirates, was reported to the exchanges on August 27. The new entity will invest in energy, infrastructure and related fields. Adani Power Middle East Ltd. has an authorized share capital of $27,000, with each share worth $1. Adani Power Limited owns 100% of the shares in the new subsidiary.

With a power generation capacity of 15,250 MW, Adani Power Limited (APL) is India’s largest private thermal power producer. The company operates thermal power plants in Gujarat, Maharashtra, Karnataka, Rajasthan, Chhattisgarh, Madhya Pradesh and Jharkhand, in addition to a 40 MW solar power project in Gujarat.

Adani Power Limited continues to expand its presence in the thermal power sector, both in India and internationally, with strategic initiatives aimed at strengthening its infrastructure and technology base.

It is worth noting here that APL claims to be the first entity in the world to establish a coal-based supercritical thermal power project registered under the Clean Development Mechanism (CDM) of the Kyoto Protocol.

Recently, Adani Power Limited, along with its subsidiary Mahan Energen Limited (MEL), signed a Rs 11,000 crore contract with Bharat Heavy Electrical Limited (BHEL). This contract, finalised on August 25, entails development of three supercritical thermal power projects.

“The contract entails supply of critical equipment and supervision of construction and commissioning processes of three major power projects,” the company said. Each of these projects will have a capacity of 2×800 MW and will leverage advanced supercritical technology. The projects will be developed at three locations – Kawai Phase-II and Kawai Phase-III in Rajasthan, and Mahan Phase-III in Madhya Pradesh.

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