Reliance Industries on Thursday said it has entered into a 20-year long-term Power Purchase Agreement (PPA) for 500 MW with Mahan Energen (MEL), a wholly owned subsidiary of Adani Power Ltd (APL).
For this, RIL will invest in 5,00,00,000 equity shares of MEL, aggregating to Rs. 50 crore. One unit of 600 MW capacity of MEL’s Mahan thermal power plant, out of its aggregate operating and upcoming capacity of 2800 MW, will be designated as a captive Unit for this purpose.
