The country’s largest power producer in the private sector, Adani Power Limited (APL), will acquire the 1,200 megawatt (MW) Essar Power’s Mahan Project located at Singrauli district of Madhya Pradesh. Resolution Professional of the National Company Law Tribunal (NCLT) issued a Letter of Intent to Adani Power on June 17, said Adani Group company in a filing on stock markets.
Essar Power’s Mahan power plant supplies power through the Mahan-Sipat transmission line and is also connected with a railway siding 18 km away from the plant for the supply of coal and other raw materials. According to industry sources, Adani Power will shell out close to Rs 3,000 crore for the Mahan Project.
