Adani Power stock gains as Mundra Plant sets record in power generation

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Adani Power stock gains as Mundra Plant sets record in power generation
Adani Power: Quotes, News
BSE 27.70BSE Quote0.1 (0.36%)
NSE 27.70NSE Quote0.05 (0.18%)
hares in Adani Power rallied in trade today after the company said that its power generation unit had achieved record production. The shares of the company were last trading 1 per cent higher at Rs 39.90 on the National Stock Exchange.

Adani Power on Tuesday announced that its state-of-the-art 4620 megawatts (MW) power plant at Mundra, has set a record by attaining the highest generation of 4,644 MW, making it the only power station of such a gigantic size to reach a significant milestone in electricity production. The generation so far was constrained due to inadequate evacuation capacity, which has been alleviated with guidance, support and cooperation of various state and central grid authorities.

Adani Power has a thermal power generating capacity of 7,920 MW, consisting of 4620 MW at Mundra, 1980 MW at Tiroda and 1320 at Kawai. The Mundra plant, which is one of the world's largest private coal based power station at a single location, has five units of 660 MW and four units of 330 MW each. All the 660 MW units are based on environment friendly supercritical technology.

"Adani Power is committed to narrow the demand supply gap in electricity in India. We are proud that the Mundra plant has surpassed its installed capacity of 4620 MW. This is a national record in the Indian power sector. We, at Adani, are devoted towards nation building and this project is dedicated to the people of India. We are confident of achieving a target of generating 9,240 MW of electricity by March 2014," said Mr. Gautam Adani, Chairman, Adani Group.

"Achieving 4644 MW power generation at Mundra is one more feather in the cap of our Mundra plant. The state-of-the-art technology used in this project and Adani's expertise in management of such complex projects are key to its success. We hope to replicate this feat at our other projects too," said Mr. Vneet S Jaain, CEO, Adani Power.

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