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Adani Power Acquires 1200 MW Essar Power's Thermal Power Project

Adani Power has completed the acquisition of 1,200 MW thermal power project of Essar Power in Mahan, Madhya Pradesh.

 

The cost of acquisition of Essar Power MP, which is undergoing insolvency resolution, is over Rs 4,250 crore, including estimated cost of compliance with environmental and emission norms.

 

In January 2021 the project was handed over to NCLT as the company failed to execute the project. In June 2021, Adani Power emerged as the successful bidder for the 1,200 MW project.

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