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Adani Power Makes An Attempt To Acquire Sinnar Thermal Power Plant

It depends on the prospective buyer how exactly they are going to address the challenge. In case the Adani Group wins the bet, the coal can easily be supplied from the Adani coal mines.

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Adani Power Makes An Attempt To Acquire Sinnar Thermal Power Plant

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  1. Adani Power Makes An Attempt To Acquire Sinnar Thermal Power Plant

  2. Big names like Adani Power, JSW Energy, and NTPC are already in the race to acquire Sinnar Thermal Power Plant. These are among the top 15 companies that have already submitted their formal expressions of interest (EOI) for the resolution plan to take over the Sinnar thermal power plant. The power plant is located in Nashik, Mumbai. It will be a big acquisition for the company that wins the bid for this project. The company will be able to bring about a major improvement in its thermal power capacity. Our country’s overall power demands will also be met with this power plant becoming operational.

  3. The Sinnar Thermal Power Plant: Indiabulls Power was responsible for building the Sinnar Thermal Power Plant. It has a total capacity of 1,350 MW. The power plant is now a subsidiary of RattanIndia Power. It is one of the most unique power producers available in India, where developing a greenfield project can turn out to be an expensive and time-consuming affair. The power plant also has excellent potential for future expansion. This is why many power producers are interested in acquiring the power plant. However, the coal supply will always be a challenge. It depends on the prospective buyer how exactly they are going to address the challenge. In case the Adani Group wins the bet, the coal can easily be supplied from the Adani coal mines.

  4. The Advantages of Acquiring The Power Plant: One of the major advantages of the project is that the company has good equipment from organisations like BHEL, L&T, etc. So, whoever acquires control of the project will be able to ensure that the power plant starts operating to its full potential. The company can also use good equipment pieces to enhance its power generation capacity. aspect of this project is that it is spread across 1,600 acres of land. Out of this, only 110 acres have yet to be brought. This will allow any company to double its capacity by adding another 1,350 MW. Another remarkable

  5. The Bidding Process: The most prominent names bidding for the project are Adani Power, JSW Energy, Jindal Power, Vedanta Group, Torrent Power, and state-owned NTPC. Out of these, the Adani Group, the owner of Adani coal mines, has placed itself as a potential candidate. The bidders have until later this month to supply their initial resolution plan. They would also be required to make an initial deposit of INR 10 crore as part of the bidding process. The most prosperous candidate will win the bid and will be able to continue the work on the project. That way, the various units of the power plant can begin operations. This will contribute to increased power production in the country. As per recent reports, the Maharashtra government-owned MSEB Holding Company, which owns a power production company, may also enter the bidding process.

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