Adani Power Limited forms UAE subsidiary to invest in power and infrastructure

Adani Power Ltd Merges UAE Subsidiary to Boost Investments in Power and Infrastructure

New Delhi: Adani Power Ltd on Monday filed a transfer filing to merge its wholly-owned subsidiary Adani Power Middle East Ltd in Abu Dhabi, UAE to invest in power, infrastructure and related sectors.

Adani Power Middle East’s authorized capital is $1 shares of $27,000 each, as indicated in the transfer filing with Adani Power for 100 percent ownership of the shares.

Adani Power Limited (APL) is India’s largest private thermal power producer with a generating capacity of 15,250 MW. The company operates thermal power plants in Gujarat, Maharashtra, Karnataka, Rajasthan, Chhattisgarh, Madhya Pradesh, Jharkhand and many other states.

Also, APL has a 40 MW solar power project in Gujarat. Adani Power says
World’s first company to install coal-based supercritical thermal
A registered power project under the Clean Development of Kyoto Protocol
Mechanism (CDM).

Recently, Adani Power Limited (APL) and its subsidiary Mahan Energy Limited (MEL) agreed to invest Rs. 11,000 crore contract with Bharat Heavy Electrical Limited (BHEL).

The contract signed on Sunday (August 25) includes supply of critical equipment and supervision of construction and commissioning processes for these projects. Each project has a capacity of 2×800 MW and will use advanced supercritical technology. These projects are planned to be developed in Kawai Phase-II and Kawai Phase-III in Rajasthan and Mahan Phase-III in Madhya Pradesh