Business

Adani Power's Strategic Expansion: Acquires VIPL for Rs 4,000 Crore, Boosting Capacity to 18,150 MW

Adani Power Strengthens Its Market Leadership

Adani Power Ltd (APL), India's largest private thermal power producer, has successfully acquired Vidarbha Industries Power Ltd. (VIPL) for Rs 4,000 crore. This strategic move not only enhances APL's dominance in the base-load power generation sector but also marks a significant milestone in its expansion strategy.

Thermal power expansion: Adani Power acquires VIPL for Rs 4,000 crore; capacity hits 18,150 MW

Expansion Plans and Future Goals

With this acquisition, Adani Power's total operating capacity has reached an impressive 18,150 MW. The company is not stopping here; it has ambitious plans to expand further through both brownfield and greenfield ultra-supercritical power projects across India. These projects are aimed at scaling up its base-load generation portfolio to 30,670 MW by 2030.

Commitment to India's Energy Vision

SB Khyalia, CEO of Adani Power, emphasized the company's commitment to supporting India's vision of 'Electricity for All'. By focusing on reliable and affordable base-load power, APL is playing a pivotal role in fueling the country's sustainable growth.

Diversification in Energy Generation

Beyond thermal power, Adani Power is also diversifying its energy generation portfolio, including a 40 MW solar power plant in Gujarat. This diversification underscores APL's commitment to sustainable and renewable energy sources.