Adani Group plans to sign a pact with the Odisha government soon for setting up a 2,500 MW rejected coal-based power plant.

The coal-based power project will come up with an investment of Rs 12,500 crore. Adani is presently looking at a couple of sites and the exact location is likely to be finalised in a few months.

A memorandum of understanding (MoU) will also be signed with the Odisha government in this regard.

The power plant will source its raw material, i.e. coal washery rejects from the Machhakata and Chhendipada coal blocks. The group’s flagship company, Adani Enterprises (AEL), has won the rights to develop and operate the coal blocks.

The Chhendipada block, with a mining capacity of 40 million tonne per annum, is allocated to UCM Coal Company, jointly promoted by Maharashtra State Power Generation Corporation (MAHAGENCO), Uttar Pradesh Rajya Vidyut Utpadan Nigam (UPRVUNL) and Chhattisgarh Mineral Development Corporation (CMDC).

The Machhakata coal block, with a mining capacity of 30 million tpa, has been allocated to MahaGuj Collieries (MGCL), a joint venture between Maharashtra State Power Generations Corporation (MAHAGENCO) and Gujarat State Electricity Corporation (GSECL).

Adani Group is implementing coal mining projects with a total annual coal production capacity of around 110 million tpa. It aims to achieve 200 million tpa coal mining capacity by 2020.

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