Latest news with #DBFOO
The Hindu
23-05-2025
- Business
- The Hindu
KSEB seeks KSERC's nod for collecting 32 paise per unit from consumers to recover additional spending on power purchases in 2023-24
The Kerala State Electricity Board (KSEB) has sought the Kerala State Electricity Regulatory Commission's (KSERC) nod to collect 32 paise per unit from electricity consumers to make up for the additional spending on power purchases in 2023-24. According to the KSEB, it spent ₹745.86 crore on 'excess power purchase' to compensate for a significant dip in hydropower availability in 2023-24. The KSEB has placed its request under Section 88 of the KSERC (Terms and Conditions for Determination of Tariff), Regulations, 2021, which deals with the 'Adjustment of the cost due to change in hydro-thermal mix.' The Commission has scheduled a hearing on the KSEB petition on May 27 at its court hall in Thiruvananthapuram. A disappointing southwest monsoon rainfall, cancellation of contracts for the supply of 465 megawatts (MW) under Design, Build, Finance, Own and Operate (DBFOO) scheme, and an 'unusual increase' in consumption had raised 'significant challenges' to the KSEB in 2023-24, the KSEB said in its petition. The power utility spent 12,982.63 crore on power purchases that year. According to the KSEB, hydro generation fell by 1,477 million units (mu) over the quantum approved by the commission in 2023-24 due to the shortage in rainfall. This shortage was made up primarily through short-term contracts and purchases from the power exchanges, resulting in changes in the 'hydro-thermal mix' (the combination of hydel and thermal power generation) for 2023-24. The energy requirement in Kerala also exceeded the approved quantum by 2,321 mu. The KSEB has used the average power purchase cost for 2023-24 (₹5.05 per unit) to arrive at ₹745.86 crore as the sum to be recovered from consumers. The combination of factors that led to supply shortages in 2023-24 had taken the total power purchase costs for the financial year to ₹12,982.63 crore.
India Gazette
15-05-2025
- Business
- India Gazette
Adani Airport Holdings terminates partnership with Chinese company DragonPass
New Delhi [India], May 15 (ANI): Adani Airport Holdings announced the immediate end of its partnership with the newly formed partnership with Chinese company DragonPass on Thursday, just a week after the association began. The platform offered airport lounge access services. A spokesperson confirmed that DragonPass customers will no longer get access to lounges at Adani-managed airports, though the change will not impact the lounge and travel experience of other passengers. 'Our association with DragonPass, which provided access to airport lounges, has been terminated with immediate effect. DragonPass customers will no longer have access to lounges at Adani-managed airports. This change will have no impact on the airport lounge and travel experience for other customers,' an Adani Airport Holdings spokesperson said. This comes a week after Adani Digital Labs partnered with Dragonpass to elevate fliers' airport lounge and travel experiences. Adani Digital Labs is the digital innovation arm of the Adani Group, dedicated to transforming how billions of users interact with essential services. The company said that as the digital extension of Adani-managed airports under Adani Airports Holdings Limited (AAHL) and Adani Enterprises Ltd. (AEL), ADL plays a strategic role in shaping the future of travel and airport experiences. The company added that ADL is deeply integrated into the operations of India's leading airports, enhancing efficiency, personalisation, and connectivity at every touchpoint, from streamlining passenger journeys to enabling cashless ecosystems and digital-first conveniences. By combining cutting-edge technologies with human-centred design and forging powerful strategic partnerships, ADL is redefining what it means to deliver seamless, scalable, and rewarding experiences, all through the lens of the Adani Group's commitment to nation-building and customer-centric innovation. In another development, Adani Power said on Saturday that it won a tightly contested bid to supply 1500 MW (net) of thermal power to Uttar Pradesh. As part of the contract, the Adani Group company will supply power at a highly competitive tariff of Rs 5.383 per unit from a greenfield 2x800 MW (1500 MW net) Ultra-supercritical power plant to be set up in the state under the Design, Build, Finance, Own, and Operate (DBFOO) model. (ANI)
The Print
12-05-2025
- Business
- The Print
Adani Power to supply 1,500 MW to UP
The company will now sign a long-term power supply agreement with Uttar Pradesh Power Corporation Ltd (UPPCL) under the Letter of Award (LoA) received today, it stated. This is further to the Uttar Pradesh cabinet approving the project earlier this month, a company statement said. New Delhi, May 10 (PTI) Adani Power on Saturday said it has won a bid to supply 1,500 MW of electricity to Uttar Pradesh from a greenfield ultra-supercritical power plant in the state entailing an investment of USD 2 billion. According to the statement, Adani Power, India's largest private sector thermal power generator, on Saturday said it has won a tightly contested bid to supply 1,500 MW (net) of thermal power to Uttar Pradesh. As part of the contract, the company will supply power at a highly competitive tariff of Rs 5.383 per unit from a greenfield 2×800 MW (1500 MW net) ultra-supercritical power plant to be set up under the design, build, finance, own, and operate (DBFOO) model in the state. 'We are happy to have won the competitive bid to supply 1,500 MW power to UP state and feel privileged to play a leading role in meeting the state's rapidly growing power demand. We plan to set up a modern and low emission ultra-supercritical plant in UP and aim to begin supplying reliable and high-quality power by FY30,' Adani Power Chief Executive Officer S B Khyalia said in the statement. Khyalia said Adani Power would invest USD 2 billion in setting up the plant and related infrastructure. The project is expected to generate direct and indirect employment of 8,000-9,000 during the construction phase and 2,000 once in operation, as per the statement. Thermal power demand in UP is seen rising by 11,000 MW by 2033-34 owing to factors like industrialisation, urbanisation, and modernisation. This 1,500 MW order is part of the government's initiative to meet that future demand. This is second major PSA bid the company has won in the last one year, after receiving the composite 6,600 MW (1,600 MW thermal and 5,000 MW solar) LoI from Maharashtra State Electricity Distribution Company Ltd in September 2024, which subsequently has been converted into a PSA. Adani Power, a part of the Adani portfolio, has an installed thermal power capacity of 17,510 MW spread across eleven power plants in Gujarat, Maharashtra, Karnataka, Rajasthan, Chhattisgarh, Madhya Pradesh, Jharkhand, and Tamil Nadu, apart from a 40 MW solar power plant in Gujarat. PTI KKS TRB This report is auto-generated from PTI news service. ThePrint holds no responsibility for its content.
Business Standard
12-05-2025
- Business
- Business Standard
Adani Power rallies after securing 1,500 MW contract in Uttar Pradesh
Adani Power zoomed 5.72% to Rs 542.85 after the firm said it has secured a contract to supply 1,500 MW of thermal power to Uttar Pradesh at a levelised tariff of Rs 5.383 per unit, emerging as the lowest bidder in a competitive tender process. The power will be supplied from a greenfield ultra-supercritical thermal power plant with a 2x800 MW configuration (1,500 MW net capacity), which the company will set up in the state under the Design, Build, Finance, Own, and Operate (DBFOO) model. The proposed project, with an estimated investment of around $2 billion (approximately Rs 16,600 crore), received formal clearance from the Uttar Pradesh cabinet earlier this month. Following the issuance of the letter of award (LoA) today, Adani Power is set to enter into a long-term power supply agreement (PSA) with Uttar Pradesh Power Corporation (UPPCL). S B Khyalia, Chief Executive Officer, Adani Power, said, "We are happy to have won the competitive bid to supply 1,500 MW power to UP state and feel privileged to play a leading role in meeting the states rapidly growing power demand. We plan to set up a modern and low-emission Ultra-supercritical plant in UP and aim to begin supplying reliable and high-quality power by FY30." Khyalia said Adani Power would invest $2 billion in setting up the plant and related infrastructure. The project is expected to generate direct and indirect employment of 8,000-9,000 during the construction phase and 2,000 once in operation. This is the second major PSA bid the company has won in the last year, after receiving the composite 6,600 MW (1600 MW thermal and 5000 MW solar) LoI from Maharashtra State Electricity Distribution Company Ltd (MSEDCL) in September 2024, which subsequently has been converted into a PSA. Adani Power (APL), a part of the Adani portfolio, is the largest private thermal power producer in India. The company has an installed thermal power capacity of 17,510 MW spread across eleven power plants in Gujarat, Maharashtra, Karnataka, Rajasthan, Chhattisgarh, Madhya Pradesh, Jharkhand, and Tamil Nadu, apart from a 40 MW solar power plant in Gujarat. The companys consolidated net profit declined 3.7% to Rs 2,636.97 crore in Q4 FY25 as against Rs 2,737.24 crore posted in Q4 FY24. Revenue from operations jumped 6.5% year on year to Rs 14,237.40 crore in Q4 FY25.
Business Standard
12-05-2025
- Business
- Business Standard
Adani Power secures 1500 MW thermal power supply deal with UPPCL
Adani Power has received a Letter of Award (LOA) from Uttar Pradesh Power Corporation (UPPCL) for procurement of 1,500 MW from a new thermal power project of 2x800MW (1600 MW) installed capacity situated in the State of Uttar Pradesh for a period of 25 years. As part of the contract, the Company will supply power at a highly competitive tariff of Rs 5.383 per unit from a greenfield 2x800 MW (1500 MW net) Ultra-supercritical power plant to be set up under the Design, Build, Finance, Own, and Operate (DBFOO) model in the state. This is further to the Uttar Pradesh cabinet approving the project earlier this month. The Company will now sign a long-term Power Supply Agreement (PSA) with Uttar Pradesh Power Corporation (UPPCL) under the Letter of Award (LoA) received on 10 May 2025. This is second major PSA bid the company has won in the last one year, after receiving the composite 6,600 MW (1600 MW thermal and 5000 MW solar) LoI from Maharashtra State Electricity Distribution Company Ltd. (MSEDCL) in Sep 2024, which subsequently has been converted into a PSA.
