Following this acquisition, Adani Power’s operating capacity has risen to 18,150 MW.
“The acquisition of VIPL is a key milestone in Adani Power’s strategy to unlock value through the turnaround of stressed assets,” Chief Executive Officer SB Khyalia said in a statement.
The company said it is further undertaking expansion of its base load power generation portfolio through a mix of brownfield and greenfield projects.
The Adani Group company is currently constructing six brownfield ultrasupercritical power plants of 1,600 MW each at its existing locations at Singrauli-Mahan in Madhya Pradesh, Raipur, Raigarh, and Korba in Chhattisgarh, and Kawai in Rajasthan, in addition to a 1,600 MW greenfield USCTPP at Mirzapur, Uttar Pradesh.
Besides,…