December 02, 2008

Adani Power awards Mundra Power plant contract to Shandong Power

It is reported that Adani Enterprises Limited’s subsidiary Adani Power Limited has awarded a turnkey contract for setting up the second phase of the proposed 2,640 MW coal based power plant at Mundra to Shandong Electric Power Corporation of China.

Adani Power Limited is now implementing phase I of the project involving setting up of 1,320 MW coal based units. The project is implemented on a non turnkey basis and is slated to be commissioned in a phased manner beginning 2008.

In the second phase, Adani Power Limited proposed to set up 2 X 660 MW generation capacity plants, which is expected to be implemented in 2011. It has entered into an engineering procurement and construction contract with Shandong Electric Power Corporation in early September 2007.

Adani Power Limited has already secured open cast coal mining right in a block in Indonesia. The mining activity will be synchronized with the commissioning of the phase-I of the power project. Adanis are one of the largest third party importers of coal in India.