Hot Pursuit     26-Jun-23
Adani Power gains on commissioning Unit-2 of thermal power plant in Jharkhand
Adani Power rallied 3.28% to Rs 250.35 after the company announced that it has commissioned Unit 2 of the 800 megawatt (MW) power project in Godda district, Jharkhand.

The project is a part of the 2x800 MW ultra-supercritical power project of Adani Power (Jharkhand) (APJL), a wholly-owned subsidiary of the company.

In a regulatory filing, the power utility company said, “Unit 2 of 800 MW capacity of the 2x800 MW ultra-supercritical power project of Adani Power (Jharkhand) (APJL), situated in Godda District in Jharkhand, has achieved commercial operations at 24:00 hrs Bangladesh standard time on 25 June 2023 (23:30 hrs India standard time on 25 June 2023) following successful completion of Reliability Run Tests, as per contract."

APJL will export entire power generated from the 2x800 MW Godda ultra-supercritical thermal power plant (USTCPP) directly to Bangladesh on commercial basis. The power will be exported to Bangladesh through the dedicated 400 kV transmission lines, with net capacity of 1,496 MW. APJL has 25-year contract with Bangladesh Power Development Board (BPDB).

The company said that the construction of the Godda USTCPP has been completed despite severe challenges posed by COVID-19 pandemic lockdowns. The project, which has deployed for the first time in India Ultra-supercritical technology, also incorporates for benign operations Flue Gas Desulphuriser FGD) and Selective Catalytic Reconverter (SCR) equipments, to minimize emissions and in compliance with futuristic norms announced by the Ministry of Environment and Forests and Climate Change (MOEF&CC).

“With the commissioning of this power plant, Adani Group has started a new chapter in cross-border export of electricity to the neighbouring country. Adani Power is proud to be a partner in the economic growth and prosperity of Bangladesh, empowering it with a reliable and competitive source of electricity to help it achieve its long-term development goals,” the company stated in the press release.

Adani Power, a part of the diversified Adani Group, is the largest private thermal power producer in India.

The company reported 12.9% jump in consolidated net profit of Rs 5,242.48 crore despite of 3.4% decline in revenue from operations to Rs 10,242.06 crore in Q4 FY23 over Q4 FY22.

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