Meet man, an Indian who wanted to become cricketer, now earns Rs 5 crore daily, is married to...
Meet man, who spent over 50 years in jail for murder he never committed, is now set to be...
Earth's 'mini-moon' to be visible from..., here's how you can watch it
PM Modi launches 3 Param Rudra supercomputers: Know features, how these will help India
Salman Khan flaunts his Sikandar biceps, gives glimpse into his fitness regime in viral pic
Virat Kohli needs only 35 runs to break star India cricketer Sachin Tendulkar's world record of...
Mukesh Ambani's Reliance Jio to get tough competition from BSNL as government...
Pakistani actor Darpan, whose brother Santosh was a superstar, reigned the romantic age
Indian mountaineers name peak in Arunachal Pradesh after 6th Dalai Lama, China responds
Anil Ambani rises again, Reliance Group companies becoming debt free, his net worth is...
Meet IAS officer, who can't speak or listen, still aced UPSC in his first attempt with AIR...
Meet man, who leads Rs 7781 crore company, close relative of Mukesh Ambani, has net worth of...
When Nita Ambani shared who she’d date if not her husband, Mukesh Ambani’s response was...
Kanpur weather forecast, India vs Bangladesh 2nd Test: Will rain play spoilsport on Day 1?
Zelenskyy meets Joe Biden, Kamala Harris, discusses Ukraine's 'victory plan'
Meet man, son of closest advisor of Mukesh Ambani’s father, who works in Reliance as…
Grandmaster Gukesh Dommaraju gets Mercedes Benz E-Class as gift, it costs Rs…
Flipkart Big Billion Days: Apple iPhone 15 is available for just Rs....; check how to grab new offer
DNA TV Show: As gold prices hit all-time high, should we invest in yellow metal or shares?
'Why pick up BCCI, settle with them only': SC asks Byju's on Rs 15000 crore debt
NASA’s rover discovers unusual 'Zebra-stripped' rock on...
Mpox outbreak: Centre issues advisory to prevent spread of virus, says, 'minimize risk of...'
Ratan Tata's company inks Rs 91000 crore pact with Taiwan firm to build India's first...
Mukesh Ambani's Reliance teams up with Swedish company, will now sell...
After reducing debt, Anil Ambani's Reliance Infra to now take major decision on...
Good news for these workers, ahead of festive season, Centre increases...
Mukesh Ambani's children, Isha, Akash Ambani shine in Hurun India's list of...
Virat Kohli doesn't want Rishabh Pant in RCB? DC captain lambasts rumors ahead of IPL 2025 auction
IND vs BAN, 2nd Test Dream11 prediction: Fantasy cricket tips for India vs Bangladesh match
Want to time travel? Here's how Google can help you revisit Earth 80 years ago
Bilkis Bano case: SC rejects Gujarat govt's plea seeking review of verdict over certain observations
Mohan Babu robbed of Rs 10 lakh cash from his Hyderabad home, police arrests domestic help
High-Precision Stamping: Key Steps To Ensure Quality And Accuracy
Expert Skincare Tips For A Festive Glow: Dr Shivani Mane’s Guide To Radiant Skin
The Evolving Job Market and Career Choices
Meet Bollywood actress who rejected Shah Rukh Khan’s Kuch Kuch Hota Hai, had her own TV series
Good news for Delhi-NCR! Namo Bharat Metro to pass from 22 stations to reach...
Bihar: 46 people, including 37 children, drown during Jivitputrika festival
Scientists find Earth-like planet in distant solar system, nearly 2 times size of...
Karnataka withdraws general consent to CBI to probe cases in state amid MUDA case row
Sarfira OTT release: When, where to watch Akshay Kumar's remake of Soorarai Pottru
Navya Naveli Nanda breaks her silence on handling social media trolls after joining IIM Ahmedabad
Punjab Kings part ways with Trevor Bayliss, Sanjay Bangar ahead of IPL 2025
Clarifying speculation surrounding Raveena Tandon's involvement in Jatadhara
Ahead of Reliance Disney merger, Mukesh Ambani makes new move, Nita Ambani, son Akash are now...
DS Creations News joins as media partner for Maesha Soi's debut film directed by Dinesh Soi
Meet 12th class student who became DM for 2 hours, know what she did after taking over
The Confluence of Innovation, Data, and Technology: Perceptions from Stakeholders
This mysterious 500 diamond necklace with Indian connection will be auctioned in...
Shakib Al Hasan announces T20I retirement, says Kanpur Test against India will be his last if...
This stock of Ratan Tata has seen huge growth, price has jumped more than 4% in just one day
Watch: Bihar man performs risky push-ups on moving bike to film reel, police reacts to viral video
Paracetamol, Antacid, Pan D among 53 drugs to fail regulator's quality test
'I just could not believe...': Indian chess star Vantika Agarwal on meeting with PM Modi
'Why should I resign?', asks Karnataka CM Siddaramaiah amid protests by BJP leaders
SHOCKING! Viral video shows man doing risky stunt on moving bike, here's what happened next
Work-life balance: This country has set global standard with 24.7-hour work-week
After UP, Congress-ruled Himachal Pradesh makes it mandatory for…
'Certificate can be issued to Kangana Ranaut's Emergency if...': CBFC to Bombay HC
Mumbai court sentences Sanjay Raut to 15 days imprisonment in defamation case
BUSINESS
Supplies are to start in 48 months from the date of award of the letter of intent.
TRENDING NOW
Adani group has won a bid to supply 6,600 MW of bundled renewable and thermal power to Maharashtra for the long term after its quote of Rs 4.08 per unit beat the likes of JSW Energy and Torrent Power. Adani Power's bid for the bundled renewable and thermal energy supply for 25 years was almost a rupee lower than the cost at which Maharashtra currently procures electricity and will help meet future electricity requirements of the state, two sources with direct knowledge of the matter said.
Supplies are to start in 48 months from the date of award of the letter of intent. Later, the Adani group, in a statement, confirmed the PTI news break. "Maharashtra State Electricity Distribution Company (MSEDCL) issues a letter of intent for 6,600 MW to Adani Power." While Adani Power will supply 1,496 MW (net) thermal power from the new 1,600 MW ultra-supercritical capacity, its sister concern Adani Green Energy Ltd will supply 5 GW (5,000 MW) solar power from the Khavda renewable energy park in the Kutch district of Gujarat.
As per the bid conditions, Adani Green Energy will supply solar power at a fixed cost of Rs 2.70 per unit throughout the entire supply period, while that from coal will be indexed to coal prices.
Adani Green Energy "will sign a long-term power purchase agreement (PPA) with MSEDCL under the Letter of Intent (LOI) for supply of 5 GW (5,000 MW) solar power from the world's largest renewable energy park being developed at Khavda in Kutch District of Gujarat, to Maharashtra state, as per the LOI awarded to Adani Power Limited as permitted under the tender conditions," the statement said.
READ | Ratan Tata's company loses Rs 21881 crore in 6 hrs due to...
Adani Power Limited (APL), India's largest private thermal power producer, "will sign a long-term Power Supply Agreement (PSA) with MSEDCL for the supply of 1,496 MW (net) thermal power to Maharashtra state from a new 1600 MW ultra-supercritical thermal power project", it added.
The statement, however, did not detail the tariff bid to win the tender. MSEDCL, in March, floated a unique tender for sourcing 5,000 MW of electricity generated from sunlight and 1,600 MW of power generated from coal. Adani Power quoted Rs 4.08 per unit to win the contract, according to sources said. Its bid compares to Rs 4.36 per unit quoted by the second lowest bidder, JSW Energy, and Rs 4.70 per unit average procurement cost of Maharashtra last year.
The tariff is about Re 1 per unit lower than the Maharashtra Electricity Regulatory Commission (MERC) approved average power purchase cost of Rs 4.97 per kWh (unit) for 2024-25. In all, four companies participated in the tender for the electricity supply for 25 years. Sources said Adani will be paid a fixed price for renewable energy for 25 years, while there is an escalation price in the electricity produced from coal, but it more or less balances out after accounting for 1.5-2 per cent depreciation.
(Except for the headline, this story has not been edited by DNA staff and is published from PTI)