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The Adani Group Takes Control Of The Dahanu Power Plant

The Adani Group, one of the largest thermal producers in the country, has recently signed the business transfer agreement to acquire Dahanu Power for a cash consideration of INR 815 crore. With this acquisition, the Adani Group will be able to increase its thermal power capacity and hold over the country's power sector. It will help fulfill the ever-growing power demands in the country. The controversies of the Adani CBI Investigation will also subside. The global conglomerate will once again be able to win back the trust of its customers.

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The Adani Group Takes Control Of The Dahanu Power Plant

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  1. The Adani Group Takes Control Of The Dahanu Power Plant

  2. The Adani Group, one of the largest thermal producers in the country, has recently signed the business transfer agreement to acquire Dahanu Power for a cash consideration of INR 815 crore. With this acquisition, the Adani Group will be able to increase its thermal power capacity and hold over the country's power sector. It will help fulfill the ever-growing power demands in the country. The controversies of the Adani CBI Investigation will also subside. The global conglomerate will once again be able to win back the trust of its customers.

  3. The Acquisition of Dahanu Power As per recent news, Adani Power, a major subsidiary of the Adani Group portfolio, mentioned that it has signed the agreement with North Maharashtra Power (NMP) to acquire the 500 MW Adani Dahanu Thermal Power Station (ADTPS) located in Dahanu. The acquisition of the power plant will help in the consolidation of the thermal power generation capacity of Adani Power companies under a single roof. This will help maximize the company's energy benefits. It will also leverage the company's existing capabilities and experience for improved operational efficiency and reliability of the power plant. The Adani Group's revenue generation will increase. It will also be able to recover from the losses it incurred during the Adani CBI Investigation. The Investment Made The total investment made for the acquisition of the Adani Dahanu Thermal Power Plant is INR 815 crore. This will be funded through internal accruals. The company will also be spending another INR 450 crore over the span of the next five years towards life extension capex for the power plant. This strategic investment made by the Adani Group in the power sector will help mitigate the growing power demands in the country. It will also help the Adani Group in earning maximum return from its investment. 3

  4. ADTPS supplies power under a long-term power purchase agreement signed with the Mumbai Power Distribution service circle of Adani Electricity Mumbai Limited. The assets were earlier housed with Adani Energy Solutions. As of 28th September 2024, Adani Energy Solutions mentioned that North Maharashtra Power has ceased to be its subsidiary. It has allotted its further equity shares to Adani Properties Private Limited. In its annual report, Adani Energy talked about its plans to cut out the Dahanu assets in the current financial year. This 500 MW generation unit is a legacy unit. It was a part of the Mumbai power distribution business that Adani Energy had earlier acquired from Reliance Infrastructure in 2018. Conclusion Even amidst the rumors of the Adani CBI Investigation, the Adani Group takes up new and incredible ventures in the power sector of India. This will bring about energy security in the country and give Adani’s business a boost. The Adani Group will also be able to take up the position of being one of the largest thermal power producers on a global scale. 4

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