Adani Power to acquire 1,200 MW Mahan power project

Adani Power has emerged as the successful bidder for Essar Power’s 1,200 MW thermal power project in Singrauli district of Madhya Pradesh.

The Mahan power plant supplies power through the Mahan-Sipat transmission line and is also connected with a railway siding 18 km away from the plant which will facilitate the supply of coal and other raw materials. The bid by Adani Power has been approved by a committee of creditors. The transaction will achieve closure on obtaining National Company Law Tribunal (NCLT) approval to acquire the project.