Adani Power and Torrent Power have secured two major contracts worth a total of $3.7 billion from the state of Madhya Pradesh in India. that will supply electricity to the state.
Adani Power: Adani Group.
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- Torrent Power: A private power company in India.
Breakdown of the Contracts:
| Company | Contract Value (INR) | Contract Value (USD) | Description |
|---|---|---|---|
| Torrent Power | ₹22,000 crore | ~$2.8 billion | 1,600-MW ultra-supercritical coal plant |
| Adani Power | ₹10,500 crore | ~$1.2 billion | 800-MW coal-based power plant |
| Total | ₹32,500 crore | $3.7 billion | Combined value of both contracts |
Total Investment:
The combined value of the two contracts is ₹32,500 crore ($3.7 billion).
Purpose of the Projects:Both power plants will supply electricity to Madhya Pradesh’s distribution company.The plants will be coal-fired, meaning they will burn coal to generate electricity.
Tariffs:The electricity will be sold to the state distribution company at tariffs just above $5.8 per kilowatt hour.