Indian state awards Adani, Torrent Power contracts for 2,400 MW coal plants

Adani Power would supply power in Madhya Pradesh from a new 800 MW thermal power plant with an investment of 105 billion rupees

Adani Power and Torrent Power have bagged orders to cumulatively set up 2,400 megawatt (MW) coal power plants from the Indian central state of Madhya Pradesh, the two companies said in separate statements.

MP Power Management Company has awarded a contract to Torrent Power to supply 1,600 MW from a new coal-based power plant that would require an investment of 220 billion rupees ($2.51 billion), according to a statement by the company.

Adani Power would supply power in the central Indian state from a new 800 MW thermal power plant with an investment of 105 billion rupees ($1.20 billion), its fourth major power supply order in the last 12 months, the company said in a separate statement.

Prime Minister Narendra Modi's government aims to lift coal-based power capacity by 80 GW to more than 290 GW by 2032, an increase of over one-third, to ensure reliable, round-the-clock supply.