On Monday, Adani Power Limited established a wholly-owned subsidiary, Adani Power Middle East Ltd., in Abu Dhabi, United Arab Emirates, as reported to the exchanges.
The new subsidiary will focus on investments in power, infrastructure, and related sectors, according to the exchange filing.
The authorized capital of Adani Power Middle East Ltd. is USD 27,000, divided into shares of USD 1 each.
Adani Power owns 100% of the shares in the newly incorporated Adani Power Middle East Ltd.
Adani Power Limited (APL), with a power generation capacity of 15,250 MW, is the largest private thermal power producer in India. The company operates thermal power plants across Gujarat, Maharashtra, Karnataka, Rajasthan, Chhattisgarh, Madhya Pradesh, and Jharkhand, as well as a 40 MW solar power project in Gujarat.
APL claims to be the world’s first company to establish a coal-based supercritical thermal power project registered under the Clean Development Mechanism (CDM) of the Kyoto Protocol.
Recently, APL and its subsidiary Mahan Energen Limited (MEL) signed a Rs 11,000 crore contract with Bharat Heavy Electricals Limited (BHEL). Under this agreement, BHEL will develop three supercritical thermal power projects for APL.
The contract, signed on Sunday (August 25), includes the supply of critical equipment and oversight of the erection and commissioning processes for the three major power projects.
Each project will have a capacity of 2×800 MW and will utilize advanced supercritical technology. The projects are planned for development at Kawai Phase-II and Kawai Phase-III in Rajasthan, and Mahan Phase-III in Madhya Pradesh.
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