Adani Power, Reliance Industries sign 20year power purchase agreement

Gautam Adani-led Adani Power Limited (APL) and Mukesh Ambani-led Reliance Industries Limited (RIL) have inked a 20-year power purchase agreement (PPA), marking a strategic collaboration between the two corporate giants.

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[{"selector":"#anim-0060e0b3-4b9f-4746-b36b-cd5fe88a8799 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(9.597961938546046%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-ee42a1ae-0038-4d64-bcf2-1336bea96381","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-fa64b4d2-33ea-46cb-bf80-6741865219c5","keyframes":{"transform":["translate3d(0px, 138.91924%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] This designation falls under the Captive User policy outlined in the Electricity Rules, 2005. investment in 5,00,00,000 equity shares of MEL ensures its proportionate ownership stake in the Captive Unit, as per regulatory requirements.

[{"selector":"#anim-85d90619-8d17-44f9-ac3a-1a733cce2ed5 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0.358066434840012%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-a20b5e26-22d9-45e7-bd60-860d66c28596","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-f76d85ca-1641-4cc6-88e9-3b86df0afe72","keyframes":{"transform":["translate3d(0px, 182.42715%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] The collaboration underscores a significant milestone for both companies, as it secures a 500 MW power purchase commitment from Adani Power to Reliance Industries.

[{"selector":"#anim-434ce928-7edd-4baa-9859-f95bd9714e33 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(12.095809581935999%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-c8fec4e3-2cc7-4931-b518-47384542b5ab","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-c9f24f8b-affa-4410-be5d-e15c0f1b7329","keyframes":{"transform":["translate3d(0px, 153.12689%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Under a consortium financing arrangement involving eight lenders, Adani Power has secured a single long-term Rupee term loan facility amounting to Rs 19,700 crore, according to an exchange filing by the company.

[{"selector":"#anim-393d880e-0c58-49f3-94de-7d774e1e2dc3 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(21.09161896512836%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-577f592c-9cf7-45d5-afd9-285c167aedc6","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-d587bdd2-ab85-4736-ac27-2cffb9167dcf","keyframes":{"transform":["translate3d(0px, 169.32214%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Adani Power Reliance Industries agreement, Long-term power purchase agreement India, Adani Power Mahan Energen Limited investment, Reliance Industries power procurement deal, Indian energy sector collaborations.

[{"selector":"#anim-49e885eb-3624-434a-a1b0-a07f3b973c5b [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(-2.5155214375806025%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-16a22ab3-8d36-44e9-b063-25dcbe5b79ea","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-732ca179-585a-4404-8c75-9bbb40304d93","keyframes":{"transform":["translate3d(0px, 147.43130%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Captive User policy electricity rules, Mahan thermal power plant capacity, RIL investment in Adani Power subsidiary, Energy sector strategic partnerships, Adani Power financing consortium arrangement

[{"selector":"#anim-4f216fc5-eb5c-4dc5-8835-ca90adb6bfe4 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(-22.77139669366617%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-d7201b02-cce8-4a41-b407-be0438e6c669","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-c74ce521-5921-4c36-b5ab-07b08b997aa0","keyframes":{"transform":["translate3d(0px, 131.96104%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Adani Group’s resilience shines, Gautam Adani-led Adani Power Limited (APL) and Mukesh Ambani-led Reliance Industries Limited (RIL) have inked a 20-year power purchase agreement (PPA), marking a strategic collaboration between the two corporate giants. future prospects.