Adani to sign pact for 2,500 MW power plant soon.

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

'We are looking at couple of sites and the exact location will be finalised within few months. The investment in the project will be close to Rs. 12,500 crore,' Rajesh Jha, CEO, Adani Mining & Power told media persons on the sidelines of an event.

Within few months, a memorandum of understanding (MoU) would be signed with the state government in this regard, he added.

The power plant will source raw material (coal washery rejects) from the Machhakata and Chhendipada coal blocks. The group's flagship company, Adani Enterprises Limited (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 (mtpa) is allocated to UCM Coal Company, jointly promoted by Maharashtra State Power Generation Corporation Ltd (Mahagenco), Uttar Pradesh Rajya Vidyut Utpadan Nigam Ltd (UPRVUNL) and Chhattisgarh Mineral Development Corporation (CMDC) while the Machhakata coal block has been allocated to MahaGuj Collieries Limited (MGCL), a joint venture between Maharashtra State Power Generations Corporation Limited (Mahagenco) and Gujarat State Electricity Corporation Limited (GSECL). This block projects an initial mining capacity of 30 mtpa.

BS