Thermal power expansion: Adani Power acquires VIPL for Rs 4,000 crore; capacity hits 18,150 MW
Adani Power Ltd (APL), India’s largest private thermal power producer, has completed the acquisition of Vidarbha Industries Power Ltd. (VIPL) for Rs 4,000 crore, further cementing its dominance in the base-load power generation sector. The resolution plan was approved by the National Company Law Tribunal (NCLT), Mumbai Bench, on June 18 and successfully implemented on Monday.As per ANI, VIPL is a 2×300 MW coal-based power plant located at Butibori in Nagpur district, Maharashtra. The plant had been undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code (IBC) prior to this acquisition.Following this addition, Adani Power’s total operating capacity has reached 18,150 MW. The company now plans to significantly expand this figure through a combination of brownfield and greenfield ultra-supercritical power projects across the country.APL is currently constructing six brownfield Ultra-supercritical Thermal Power Plants (USCTPP), each of 1,600 MW capacity, across its existing facilities in Singrauli-Mahan (Madhya Pradesh), Raipur, Raigarh, and Korba (Chhattisgarh), and Kawai (Rajasthan). A separate greenfield USCTPP of 1,600 MW is also being developed at Mirzapur in Uttar Pradesh.Additionally, construction of a 1,320 MW Supercritical power plant at Korba, previously acquired by Adani Power, is being revived. With all these projects, APL is targeting to scale up its base-load generation portfolio to 30,670 MW by 2030.Commenting on the development, SB Khyalia, CEO of Adani Power, was quoted as saying by ANI, “The acquisition of VIPL is a key milestone in Adani Power’s strategy to unlock value through the turnaround of stressed assets. As we continue expanding our portfolio, we remain committed to supporting India’s vision of ‘Electricity for All’ by delivering reliable, affordable base-load power that fuels the country’s sustainable growth.”Adani Power operates thermal plants across Gujarat, Maharashtra, Karnataka, Rajasthan, Chhattisgarh, Madhya Pradesh, Jharkhand, and Tamil Nadu. The company also runs a 40 MW solar power plant in Gujarat, contributing to its growing diversification in energy generation.
