Adani Power has won short-term contracts for supply of 6,100 megawatt (MW) of electricity in auctions held by the Punjab government for procuring a total of 7,000 MW. Although the tariffs quoted by the firm are not known, sources said the deals were struck at rates ranging between Rs 3.35-3.59/unit, slightly lower than short-term prices discovered in recent months.
In all, the state government invited tenders for procuring 7,000 MW of power on a short-term basis between June 15, 2021, and August 30, 2021, to meet its electricity demand for irrigation. The state held auctions in seven batches of 1,000 MW each. Industry sources said Adani Power’s Mundra unit quoted the lowest tariff for 600 MW capacity each in all seven tranches. Besides, Adani Power’s Raipur Energen won 300 MW each in four auction batches, and the company’s Raigarh Energy has cumulatively won 700 MW for the entire supply period.
