The Indian power generation group Adani Power has completed the acquisition of a 600 MW coal-fired plant (2x300 MW) in Butibori, Nagpur district, Maharashtra (India) from Vidarbha Industries Power Ltd. (VIPL) for INR40bn (US$466m). The company was under the Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code (IBC). With this acquisition, Adani Power’s operating capacity has increased to 18.2 GW.
Adani Power is expanding its coal-fired power capacity through brownfield and greenfield projects. The group is building six 1,600 MW Ultra-supercritical (USC) power plants at Singrauli-Mahan in Madhya Pradesh, Raipur, Raigarh, and Korba in Chhattisgarh, and Kawai in Rajasthan. As well, it is also building a 1,600 MW greenfield USC project at Mirzapur, Uttar Pradesh, and reviving the construction of a 1,320 MW supercritical coal-fired power plant at Korba, which should raise its installed capacity to 30.7 GW by 2030.
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