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02-Sep2016

Adani Power's arm to produce additional 1,600 MW of power by 2020: Report

Adani Power's subsidiary - Udupi Power Corporation (UPCL), will reportedly produce an additional 1,600 MW of power at its thermal plant in Udupi by 2020. At present, the plant produces 1200 MW of power. The company has signed a memorandum of understanding with the Karnataka Government to set up 2X800 MW coal-based power plant in Udupi with an investment of Rs 11,500 crore, in its second phase expansion.

At present, the company has two units of 600 MW each spread across 590 acres in Yellur and Santhuru villages of Udupi district. Set up at a cost of Rs 6,000 crore, the commercial production from the unit-1 began in 2010 and unit-2 in 2012.

Adani Power is engaged in the business of generation, accumulation, distribution and supply of power and to generally deal in electricity and to explore, develop, generate, accumulate, supply and distribute or to deal in other forms of energy from any source whatsoever.




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