Adani Power has begun commercial operations at one of its 800-megawatt units in Jharkhand, India, enabling the export of electricity to Bangladesh.
What Happened? The Adani Group firm said the plant, which is equipped with technology to reduce emissions, overcame challenges posed by the COVID-19 pandemic to reach completion.
The firm said the 2×800 megawatt power project of Adani Power (Jharkhand) Ltd achieved commercial operations at the designated time, following successful reliability run tests.
The plant will export its entire power output to Bangladesh through dedicated transmission lines, in line with a 25-year power purchase agreement. The dedicated 400-kilo-volt transmission lines have a net capacity of 1496 megawatts.
Price Action: Adani Power shares were up 2.83% at ₹249.25 in afternoon trade on Monday.
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