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Adani Power will continue to supply power to Bangladesh from J'khand plant

Business Standard LogoBusiness Standard7h ago

Adani Power will continue to supply power to Bangladesh from J'khand plant - Business Standard

Quick Summary:

The amendment provides that the government may permit connection of such generating station to the Indian grid (inter-state or intra-state grid) to facilitate the sale of power within India 'in case of sustained non-scheduling of full or part capacity or default notice issued by the generator for any default, including delayed payment under the PPA (power purchase agreement)'.

Adani Power on Friday said it will continue to supply power to Bangladesh from its 1,600MW Jharkhand plant, set up to supply 100 per cent electricity generated from the facility to the neighbouring nation.

Earlier this month, the power ministry amended power import/export guidelines to enable electricity supply from plants set up as an export-oriented unit to sell power within India.


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Article Details

Category: BusinessFinance

Markets:

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Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-16 @ 17:56:40 (7 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 369 words

Reading Time: 3 minutes read

Sentences: 13 lines

Sentence Length: 29 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 22100562

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