Breaking News

You are here » Indian-Commodity  :  Top News  :  Adani Power's arm to produce additional 1,600 MW of power by 2020: Report

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.




Related News

View all news

Crude oil futures end higher on Thursday

Crude oil futures ended higher on Thursday with marginal gains for the truncated week, as traders weighing near term crude supply and demand prospects. Oil prices took some support with tighter supply......

Turmeric futures trade higher on rising demand

Turmeric futures traded higher on NCDEX as market participants enlarged their holdings on account of rising demand for standing crop in the physical market. Moreover, government procurement in some states......

Coriander futures trade up on restricted arrivals

Coriander futures traded up on NCDEX as speculators built up fresh positions amid rising spot demand. Besides, tight stocks on account of restricted arrivals from major growing regions also fuelled the......

Top News

View all news

Lupin seeks more time from commerce ministry to complete project in Indore SEZ

Lupin has sought more time from the commerce ministry to complete its project, with proposed investment of Rs 205.69 crore, in the Indore Special Economic Zone (SEZ). The company is setting up its pharma......

Tata Sponge Iron to shift its registered office to Kolkata

Tata Sponge Iron has decided to shift its registered office from Keonjhar in Odisha to Kolkata, subject to the approval of the members of the company and other regulatory authorities. The company has also......

GVK Power's arms ink pact with ADIA, NIIF

GVK Power and Infrastructure's subsidiaries -- GVK Airports Developer (GVKADL) and GVK Airport Holdings (GVKAHL) have signed a term sheet and exclusivity agreement with Abu Dhabi Investment Authority (ADIA)......