Adani Power Ltd. has completed the acquisition of two significant thermal power plants, enhancing its operational capacity to 14,010 MW and reinforcing its position as India's largest private sector Independent Power Producer.

Target Information

Adani Power Ltd. (APL), a subsidiary of the Adani Group, has recently announced its financial results for the quarter and half-year ending September 30, 2019. APL has solidified its position as the largest private sector Independent Power Producer in India, boasting a total operating thermal power capacity of 12,410 MW, alongside a solar power generation capacity of 40 MW. The company's recent acquisition of two significant power plants, Raigarh Energy Generation Ltd. (formerly Korba West Power Co. Ltd.) with a 600 MW capacity, and Raipur Energen Ltd. (formerly GMR Chhattisgarh Energy Limited) with a 1,370 MW supercritical thermal capacity, has increased its total operational capacity to 14,010 MW.

Industry Overview

The power generation industry in India has seen significant structural changes in recent years, driven largely by governmental reforms and a growing emphasis on renewable energy. The country has made remarkable progress in increasing its energy supply, particularly through the integration of renewable resources into its energy mix. This shift has encouraged several private sector entities to invest significantly in the thermal energy sector, in a bid to bolster India's energy independence and sustainability goals.

Despite the challenges arising from the excessive reliance on coal, the regulatory landscape continues to evolve, fostering an environment conducive to private investments. Initiatives like the SHAKTI policy aim to streamline