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Adani Power Limited (APL) today signed an agreement to buy 49 per cent stake in Odisha Power Generation Corporation (OPGC) from US-based AES Corporation (AES), the US-based global energy company.
The government of Odisha holds the balance 51 per cent stake in OPGC which operates the 1,740 Mw thermal power plant at Banharpalli in Jharsuguda, Odisha. This plant is the mainstay of the state for base load power supply and amongst the lowest cost power generated in the state, the company said in a statement.
The super-critical capacity of 1,320 MW is a recently commissioned modern plant with low carbon
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