Adani Power has received an approval from the Madhya Pradesh Electricity Regulatory Commission for setting up 1,320 MW thermal power plant in Madhya Pradesh.
The commission has also approved sale of entire electricity from the plant to the state through Adani Power arm Pench Thermal Energy.
Pench Thermal Energy has entered a power purchase agreement (PPA) with MP Power Management Company (MPPMCL) for procurement of 1,320 MW electricity on long-term basis. The PPA has been duly approved by MPPMCL.
The power will be supplied from the new power station to be set up with super-critical technology on design, build, finance, own and operate (DBFOO) basis by sourcing fuel from the allocated coal linkage under SHAKTI policy.