Adani Enterprises sign up to develop Gare Palma II
Adani Enterprises Ltd along with its wholly owned subsidiary Gare Palma II Collieries Pvt Ltd (GPIICPL) have signed a pact with Maharashtra State Power Generation Co Ltd (MAHAGENCO) to develop and operate Gare Palma Sector II coal mine.
The coal ministry had allocated the coal mine in Raigarh district of Chhattisgarh to MAHAGENCO in 2015, Adani Enterprises said in a filing to BSE on Friday.
The coal block was allotted for the development, operation and captive consumption of coal to its end use thermal power plants located at Koradi, Chandrapur 8- Parli.
According to the approved mining plan, the peak rated capacity of mine is 23.6 million tonnes per annum with total mineable reserve of 553.18mt for opencast mine.
MAHAGENCO had floated a tender for the selection of mine developer and operator for the development and operation of Gare Palma II coal mine in March 2016.
After a reverse auction, Adani Enterprises Ltd emerged as L-1 bidder.
The contract period will be for 34 years, including for mine development and final mine closure.
Tata Power on Thursday said it has taken over power distribution operations in northeastern Odisha from April 1.
Tata Power has taken over the management and operations of NESCO (North Eastern Electricity Supply Company of Odisha) from April 1, 2021, upon the completion of the sale process, according to a regulatory filing. Now, NESCO will operate under the company name as TP Northern Odisha Distribution Limited (TPNODL).
Tata Power holds 51 per cent of equity with management control and state-owned GRIDCO will have 49 per cent shares in the company.